Your father is 50 years old and will retire in 10 years. He expects to live for 5
1. Your father is 50 years old and will retire in 10 years. He expects to live for 5 years after he retires until he is 85. He wants a fixed retirement income of $ 40k. His retirement income will begin one year after the day he retires, 10 years from today. Your father has currently invested $50k, how much must he have each year, starting at the end of the year to be able to retire? 8% return on fund is expected.
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Hey.. curlyben.. I can't access the website that you sent..
Can please you teach me in here, I mean comment here?
Thanks