but as theGuardianarticle suggests, Flinders was forgotten in his native land. It was only in 1853 that the two colonial governments of New South Wales and Victoria agreed to grant an annuity of £100
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Note that the specification given in Equation (11) implies that decreasing the withdrawal rate 𝑤𝑟wr has the same effect as increasing the replacement fraction R or the salary escalation rate 𝜇𝐼μI. As indicated in Table 2, the retirement savings portfolio is invested in the value-wei...