Question
6. Assume you are age 78. You plan on living to age 100. If you have $725,000 on which you can earn an APR of
6. Assume you are age 78. You plan on living to age 100. If you have $725,000 on which you can earn an APR of 6.25%, how much can you take out per month in order to completely exhaust your savings in 22 years assuming monthly compounding?
Can you please show how to do in excel
| pv |
| fv |
| nper |
| pmt |
| rate |
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Recent Advances In Computational Finance
Authors: Nikolaos S. Thomaidis, Jr. Dash, Gordon H.
1st Edition
1626181233, 978-1626181236
