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please work your analysis using atleast 4 decimal places of accuracy Alicia has a job with a DC regulator that offers a terrific benefit package.
please work your analysis using atleast 4 decimal places of accuracy
Alicia has a job with a DC regulator that offers a terrific benefit package. The agency contributes an annuity of $545 into a bank account in her name at the end of each monthbeginning one month from today. Alicia estimates that she will work for the next 30 years for 360 months), when at that point shot rotire. At the time of her retirement, Alida plans to withdrawal monthly amounts for 25 consecutive years for 300 months), beginning at the end of the first retirement month. Assuming an interest rate of 9% annually, what is the maximum amount Alicia will be able to withdrawal, per month, during her retirement years? Place your answer to the nearest dollar amount. Work your analysis using at least 4 decimal places of accuracy. Do not use a dolar sign or comma as part of your answer. For example, place the answer of one million seven hundred fifty thousand and thirty wo a 1750032 SUBMIT Step by Step Solution
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