Problem

After his company goes public, an entrepreneur retires at the age of 32 with a retirement...

After his company goes public, an entrepreneur retires at the age of 32 with a retirement portfolio worth $2 million. If his portfolio grows at a rate of 10% per year compounded continuously and he withdraws $250,000 per year at a continuous rate to live on, how old will he be when he runs out of money?

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Solutions For Problems in Chapter 3.6