10. Your mother has $500,000 invested at 8.0%, and she now wants to retire. She wants...

Question

Question

Answer 1

Answer #1

Using Formula in the Excel Sheet

N = NPER(8%,50000,-500000,0,0)

We get the answer as follows

20.91 Years i/Y PV PMT FV 500000 50000

Answer 2

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