You would like to have enough money saved after your retirement such that you and your heirs can receive $100,000 per year in perpetuity.How much would you need to have saved at the time of your retirement in order to achieve this goal? (Assume that the perpetuity payments start one year after the date of your retirement.The annual interest rate is 12.5%.)
A)$1,000,000
B)$10,000,000
C)$800,000
D)$1,125,000

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The Answer of You would like to have enough money saved after your retirement such that you and your heirs can receive $100,000 per year in perpetuity.How much would you need to have saved at the time of your retirement in order to achieve this goal? (Assume that the perpetuity payments start one year after the date of your retirement.The annual interest rate is 12.5%.)
A)$1,000,000
B)$10,000,000
C)$800,000
D)$1,125,000

You Would Like to Have Enough Money Saved After Your