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You have accumulated $1,542,275 for your retirement. How much money can you withdraw for the next 16 years in equal annual end-of-year cash flows if
You have accumulated $1,542,275 for your retirement. How much money can you withdraw for the next 16 years in equal annual end-of-year cash flows if you invest the money at a rate of 13.74 percent per year, compounded annually? Round the answer to two decimal places.
That is the question I was given, I need to know how exactly to come to the solution, possibly with a link to an online calculator as I do not have access to excel.
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