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Question # 2 : You are 6 5 - years - of - age and just retired with financial capital ( i . e .
Question #: You are yearsofage and just retired with financial capital ie nest egg of $ This portfolio of financial capital is invested in an investment account that will earn a fixed nominal per year compounded monthly forever. You are planning to withdraw $ per year from this account, in monthly increments and adjusted each month by an annualized inflation rate of Part A: Please compute the exact age with one decimal point at which you will run out of money. Convert that into months and years. Part B: What is the minimum investment interest rate that you have to earn each year, so that your money will last forever and you never runout of money? Part C: Derive a general or even an approximate analytic expression for the AGE at which you will run out of money if you start with capital denoted by W and you withdraw an annual amount cmonthly the account earns an annual interest rate of R nominally and the annual inflation rate is denoted by
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