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Your father now has $1,500,000 invested in an account that pays8.5%. He expects inflation to ...

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Your father now has $1,500,000 invested in an account that pays8.5%. He expects inflation to ...

Your father now has $1,500,000 invested in an account that pays8.5%. He expects inflation to average2.8%, and he wants to make annual constant dollar (real) end-of-year withdrawals over each of the next25years and end up with a zero balance after the25thyear. How large will his initial withdrawal (and thus constant dollar [real] withdrawals) be?

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$108,621.49

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$108,527.44

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$109,392.08

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$109,657.08

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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Redhawt75

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More solutions for this book are available here

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mickied Author

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Thanks

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You make an excellent tutor!

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Smart ... Thanks!

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