4) Theodore decided to take the lump sum winnings. He invested $15,000,000 of the winnings...
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4) Theodore decided to take the lump sum winnings. He invested $15,000,000 of the winnings into a fund earning 9%. How much will this investment be worth in five years? 5) Simon plans to retire in 30 years and wants to have $2,000,000 at that time. He can invest at 8%. How much must Simon invest each year in order to reach his retirement goal? 6) Simon has retired with $2,000,000. If he can continue to invest at 8%, how much can he withdraw from his retirement fund each year for the next 20 years
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