question archive Derek decides that he needs $165,319
Derek decides that he needs $165,319
Subject:FinancePrice: Bought3
Derek decides that he needs $165,319.00 per year in retirement to cover his living expenses. Therefore, he wants to withdraw $165319.0 on each birthday from his 66th to his 88.00th. How much will he need in his retirement account on his 65th birthday? Assume a interest rate of 10.00%.
