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Ch. 14 Problems Help Save & E 5 Che retirement fund that is earning 5.5 percent per year, compounded quarterly rcent per yeer, compounded quartertly

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Ch. 14 Problems Help Save & E 5 Che retirement fund that is earning 5.5 percent per year, compounded quarterly rcent per yeer, compounded quartertly a. How many dollars in withdrawals per month would reduce this nest egg to zero in 20 years? Use Exhibit 4-7 11.1 points Ask b. How many dollars per month can you withdrow tfor as long as you live and sill eave this nest egg intact? Use Exhibit 14-2 Prev5 o 9 Next > Exhibit 14-7 Dipping into Your Nest Egg YOU CAN REDUCE YOUR NEST EGG TO ZERO BY WITHDRAWING THIS MUCH EACH MONTH FOR THE STATED NUMBER OF YEARS.. Or You Can Withdraw This Much Each Month 30 alid Leave Your Years Nest Egg Intact 20 25 Years 15 Amount of 10 Nest Egg Years Years Years $ 46 69 92 115 138 184 $ 10,000 $107 $ 81 $68 $61 56 102 91 121 152 182 243 84 121 20.000 215 162 202 30,000 322 243 323 404 485 647 808 15,000 161 112 136 170 204 272 340 408 544 680 140 168 224 304 281 337 486 449 561 269 430 50,000 537 645 859 100.000 1,074 230 276 368 460 364 607 NOTE Besed on an interest rate of S.5 percent per year, compounded quarterly MacBook

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