Question
If upon retirement in 25 years, Austin plans to invest $800,000 in a fund that earns 7%, what is the maximum annual withdrawal he can
If upon retirement in 25 years, Austin plans to invest $800,000 in a fund that earns 7%, what is the maximum annual withdrawal he can make over the following 20 years? Round the answer to the nearest cent. Round PVA-factor to three decimal places. Calculate your answer based on the PVA-factor. Then, calculate your answer based on the financial calculator.
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Financial Services Sales Handbook A Professionals Guide To Becoming A Top Producer
Authors: Clifton T. Warren
1st Edition
1631574930, 978-1631574931
