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In: Finance
Jose Marie and his wife, Ayna, want to ensure that they do not outlive their money....
Jose Marie and his wife, Ayna, want to ensure that they do not outlive their money. They want to make end-of-year withdrawals that start at $80,000 after tax and increase by 4 percent per year. They can earn an annual effective rate of 7.2 percent after tax. How much do they need to have invested to make withdrawals that last forever?
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jeff jeffy answered 2 years agoRelated Solutions
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