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Calculate the first and second year ANNUAL payment that you could withdraw for a growing annuity using the following assumptions: Interest rate = 10% Inflation
Calculate the first and second year ANNUAL payment that you could withdraw for a "growing annuity" using the following assumptions: Interest rate = 10% Inflation rate = 5% Remaining life expectancy = 29 years Amount invested at retirement date = $800,000 First withdrawal taken at the end of the year. Round to two decimal places for the interest rate. Year 1 = $33,385 Year 2 = $34,720 Year 1 = $51,433 Year 2 = $53,881 Year 1 = $29,449 Year 2 = $30,298 Year 1 = $50,114 Year 2 = $55,982 Calculate the first and second year ANNUAL payment that you could withdraw for a "growing annuity" using the following assumptions: Interest rate = 10% Inflation rate = 5% Remaining life expectancy = 29 years Amount invested at retirement date = $800,000 First withdrawal taken at the end of the year. Round to two decimal places for the interest rate. Year 1 = $33,385 Year 2 = $34,720 Year 1 = $51,433 Year 2 = $53,881 Year 1 = $29,449 Year 2 = $30,298 Year 1 = $50,114 Year 2 = $55,982
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