#5) You have $20,000 in your retirement fund that is earning 5.5 percent per year, compounded quarterly.

a) How many dollars in withdrawals per month would reduce this nest egg to zero in 15 years?

b) How many dollars per month can you withdraw for as long as you live and still leave this nest egg intact?

1 D kap 196SX_1407jpg (15/X -D kap196SX 1407.jpg (15 i ducation.com/Media/Connect Production/bne/finance/kapoor, Ge/kap1965X 1407jpg Exhibit 14-7 Dipping into Your Nest Eg9 YOU CAN REDUCE YOUR NEST EGG TO ZERO BY WITHDRAWNG THIS MUCH EACH MONTH FOR THE STATED NUMBER OF YEARS... Or You Can Withdraw This Much Each Month Starting Amount of 10 Nest Egg Ye 30 and Leave Your 20 15 25 ars Years Years Years Years Nest Egg Intact s 10,000 107 $ 81 $68 $61 $ 56 84 112 140 204182 168 224 340304 281 408 364 337 544 486 449 561 $ 46 69 92 115 138 184 230 276 368 460 15,000 20,000 215 162 25,000 30,000 40,000 50,000 537 60,000 80,000 859 161 102 136 170 121 91 121 152 269 322 430 202 243 323 272 243 645 485 647 100,000 1,074 800680 607 NOTE Based on an interest rate of 5.5 ercent per yeet