Financial calculator - Annuity problem? - do you need a financial calculator for the cfas
What must I do to fix the number of periods in an annuity with a financial computer? (The button)
More information about the problem: Guy wants up to $ 500,000 from the investment of U.S. $ 8,000 per year on the stock market to withdraw (from the end of this year). 15% average annual return. How long before retirement, to save money?
I:
FV = 500,000
Interest rate = 15
Payment = 8000
0 N (15%, PMT 8000, PV 0)
... he keeps leaving 0 .. Relevance of the formula (because the PV is 0). Now I know the answer is 17 years guess, but I need to know how to do it on a computer.
Any help is welcome. Thank you.
2 comments:
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