Harold and maude kelley currently are planning for, Ask an Expert

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Harold and Maude Kelley currently are planning for retirement. They feel the will need to receive a payment of $50,000 at the beginning of each year for 20 years. If the Kelley’s investments that are the source of this payment are earning a 9% annual return over the course of the retirement, what amount must Kelley’s have accumulated at the time of their retirement to fund this payment?

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Financial Management, Finance

Category:- Financial Management
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