You plan to retire in exactly 20 years. Your goal is to create a fund...
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You plan to retire in exactly 20 years. Your goal is to create a fund that will allow you to receive N$400000 at the end of each year for the 30 years between retirement and death (you have estimated your death according to life mortality tables used by insurance companies). The retirement fund is currently earning a return of 11% per annum, and this level of return is expected to remain unchanged and to be sustainable over the next 30 years
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