Finance Time value of money : Calculation of amount

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Finance Time value of money : Calculation of amount Powered By Docstoc
					              Sub: Finance                                                               Topic: Time Value of Money

              Question:
              Calculation of amount required in retirement considering time value.
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              You are 40 years old and plan to retire in exactly 20 years. Starting 21 years from now you will need to
              withdraw $5,000 per year from your retirement fund to supplement your social security payment. If you
              expect to live to age eighty-five how much should you place in the retirement fund each year for the
              next 20 years to reach your retirement goal, assuming you can earn 12% per year on your retirement
              fund investment? Show your formulas and input




    
				
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posted:3/16/2010
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Description: Calculation of amount required in retirement considering time value : You are 40 years old and plan to retire in exactly 20 years. Starting 21 years from now you will need to withdraw $5,000 per year from your retirement fund to supplement your social security payment.
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