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How much is annual withdrawn (deposit) at age 57 How much is account balance at the beginning of age 84? Anuadha Dixit just turned 55.

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How much is annual withdrawn (deposit) at age 57
How much is account balance at the beginning of age 84?
Anuadha Dixit just turned 55. Anuradha is planning to retire in 10 years, and she currently has $500,000 in her pension fund. Based on the longevity patterm of her family, she assumes that she will live 20 years past her retirement rate; during each of these years she desires to withdraw $100,000 from her pension fund. If the interest rate is 5% "m-y, how much will Anuradha have to save annually for the next 10 years? Assume that the fi t dcposit to her pension fund will be today, followed by nine more annual deposits, and that he nn withdrawals rom age 65 will at the beginning of each year

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