Business, 07.12.2020 05:40 moneyyfletcher
Al Vincent has decided to retire to Arizona in 11 years. What amount should Al invest today so that he will be able to withdraw $28,500 at the end of each year for 16 years after he retires? Assume he can invest the money at 6% interest compounded annually.
Answers: 1
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How much are you willing to pay for a zero that matures in 10 years, has a face value of $1,000 and your required rate of return is 7%? round to the nearest cent. do not include a dollar sign in your answer. (i.e. if your answer is $432.51, then type 432.51 without $ sign)
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