You have turned 50 years old and are planning to retire in, Ask an Expert

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You have turned 50 years old and are planning to retire in 15 years. You have decided you would like to receive an annuity rather than keeping a lump sum. If you invest $12,500 at the end of each of the next 10 years, what will your annual payment be at the beginning of the first year of your retirement? You can assume an interest rate of 6.5% for the entire period.

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Financial Management, Finance

Category:- Financial Management
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