You wish to retire 40 years from now. You want OMR 50,000 per year once you retire with the first retirement fund withdrawn one year from the day you retire.You estimate that the interest rate is 6% per year and you will need funds up to and including 25th birthday after retirement Select one: a. None b. 639167.81 c. 63916.78 d. 621412.90 e. 62141.29
You wish to retire 40 years from now. You want OMR 50,000 per year once you retire with the first retirement fund withdrawn one year from the day you retire.You estimate that the interest rate is 6% per year and you will need funds up to and including 25th birthday after retirement Select one: a. None b. 639167.81 c. 63916.78 d. 621412.90 e. 62141.29
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 39P
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You wish to retire 40 years from now. You want OMR 50,000 per year once you retire with the first retirement fund withdrawn one year from the day you retire.You estimate that the interest rate is 6% per year and you will need funds up to and including 25th birthday after retirement
Select one:
a. None
b. 639167.81
c. 63916.78
d. 621412.90
e. 62141.29
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