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has to be written in c#! A person in retirement is depositing $500,000 in a saving account that pays 4% interest per year. The person
has to be written in c#!
A person in retirement is depositing $500,000 in a saving account that pays 4% interest per year. The person plans to withdraw money from the account once a year. He starts by withdrawing $25,000 after the first year, and in future years he increases the amount he withdraws according to the inflation rate. For example, if the inflation rate is 2%, he withdraws $25, 500 after the second year. Find the number of years the money in the account will last assuming a constant yearly inflation rate of 3% Also, display the account value and the amount of money withdrawn over the yearsStep by Step Solution
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