Suppose you are 25 years old and would like to retire at age 65. Furthermore, you would like to have a retirement fund from which you can draw an income of $253,279 per year-forever! How can you do it?

Suppose you are 25 years old and would like to retire at age 65. Furthermore, you would like to have a retirement fund from which you can draw an income of $253,279 per year-forever! How can you do it? Assume a constant APR of 5% compounded monthly.

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Suppose you are 25 years old and would like to retire at age 65. Furthermore, you would like to have a retirement fund from which you can draw an income of $253,279 per year-for…

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