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An investor has a principal amount of $P. If he desires a payout (return) of 0.1P each year, how many years will it take to

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An investor has a principal amount of $P. If he desires a payout (return) of 0.1P each year, how many years will it take to deplete an account that earns 8% per year? 0.1 P = P(A/P,8%,N), so N 21 years. A payout duration table can be constructed for select payout percentages and compound interest rates. Complete the following table. (Note: table entries are years.) Summarize your conclusions about the pattern observed in the table

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