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| revprev | Admin | Dec 4'23 at 19:01 | +19 | m | |
| revcur | Admin | (Created page with "Monthly amount to fund from the mutual fund = 15,000-6,000 = $9,000 PV of the fund in three years = $1, 200, 000 × 1.035<sup>3</sup> = $1, 330, 461 Number of years that it will last: $1330461 = 1.035 × 9000 × 12 × 10.035 × (1 -1.035<sup>-T</sup> ) (assume you take the money out at the beginning of the year) T = 16.4 years '''References''' {{cite web |url=https://alo.mit.edu/wp-content/uploads/2015/06/PS_Part1.pdf |last1=Lo |first1=Andrew W. |last2 = Wang | fi...") | Dec 4'23 at 18:56 | +621 |