Mr faizol wants to retire in 30 years at age 60a assuming, Ask an Expert

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Mr faizol wants to retire in 30 years at age 60.a) Assuming he can earn an annual rate of return of 9%, how much does he need to invest each year until retirement to accumulate $1.5mil by age 60? b) assuming the same return and he has a life expectancy of 80 years, how much can he then withdraw each year from his $1.5mil retirement fund starting one year after he turns 60?

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Financial Management, Finance

Category:- Financial Management
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