You wish to retire in 30 years’ time and draw an annual income
of $25,000 at the end of each year for a period of 25 years. How
much money will you need to invest now (to the nearest dollar) if
you can earn 8% on your investments.
Group of answer choices
A. $11,787
B. $118,609
C. $26,521
D. $266,869
At what interest rate would you need to earn from an investment
in order to accumulate $17,632 after 5 years...