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How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8% compounded annually?

How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8% compounded annually?
asked 177k views
5 votes
How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8% compounded annually?

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User Jaypabs
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7.8k points

1 Answer

4 votes
In my view 12,000 times 20year divided by 8%
answered
User Shay Tsadok
by
8.6k points
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