He wants to receive a fixed annual sum for the next 30years


65-year-old with accumulated savings of $650000 has chosen to retire. He wants to receive a fixed annual sum for the next 30years starting a year from now. At a rate of Return of 4% P.A. How much can he expect to receive each year?

Solution Preview :

Prepared by a verified Expert
Finance Basics: He wants to receive a fixed annual sum for the next 30years
Reference No:- TGS02693796

Now Priced at $10 (50% Discount)

Recommended (94%)

Rated (4.6/5)