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10. Dipping into Your Nest Egg. You have $60,000 in your retirement fund that is earning 6 percent per year, compounded quarterly. a. How many
10. Dipping into Your Nest Egg. You have $60,000 in your retirement fund that is earning 6 percent per year, compounded quarterly. a. How many dollars in withdrawals per month would reduce this nest egg to zero in 20 years? NOTE: Referring to Exhibit 18-16, students will find that at a withdrawal rate of $ month, the nest egg of $60,000 will be reduced to zero in 20 years. a b. In the above example, how many dollars per month can you withdraw for as long as you live and still leave this nest egg intact? a month indefinitely and still At 6 percent interest, compounded quarterly, one can take $ leave the $60,000 nest egg intact
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