Business, 07.03.2020 05:41 zanaplen27

Jamal Brown is a 55-year-old engineer. According to mortality tables, a male at age 55 has an average life expectancy of 21 more years. Jamael has accumulated $200,000 toward his retirement. He is now adding $10,000 per year to his retirement fund. The fund earns 5% interest. Jamal will retire when he can obtain an annual income from his retirement fund of $100,000, assuming he lives to age 76. He will make no provision for a retirement income after age 76. What is the youngest age at which Jamal can retire

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Jamal Brown is a 55-year-old engineer. According to mortality tables, a male at age 55 has an averag...

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