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eBook Problem 7-17 You have an IRA worth $200,000 and want to start to make equal, annual withdrawals (ie, distributions from the account) for 25

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eBook Problem 7-17 You have an IRA worth $200,000 and want to start to make equal, annual withdrawals (ie, distributions from the account) for 25 years. You anticipate earning 6 percent on the funds. (To facilitate the calculation, assume an ordinary annuity) Use Appendix D to answer the questions. Round your answers to the nearest dollar a. How much can you withdraw each year b. Since you are ring percent on your investment how much of the withdrawal consumes your investments 1 C. How much will be in the account at the end of the first year d. How much do you enter the count during the second year

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