Today is your 40th birthday. Your expect to retire at age 65 and actuarial tables suggest that you will live until 100 years. You want to move to Hawaii when you retire. You estimate that it will cost you RM200,000 to make the move (on your 65th birthday) and that your annual living expenses will be RM25,000 a year after that. You expect to earn an annual return of 7% on your saving.
Answers
Answered by
0
Answer:
Today is your 40th birthday. Your expect to retire at age 65 and actuarial tables suggest that you will live until 100 years. You want to move to Hawaii when you retire. You estimate that it will cost you RM200,000 to make the move (on your 65th birthday) and that your annual living expenses will be RM25,000 a year after that. You expect to earn an annual return of 7% on your saving.
Similar questions