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Saved You have $10,000 in your retirement fund that is earning 55 percent per year, compounded quarterly. How many dollars in withdrawals per month would

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Saved You have $10,000 in your retirement fund that is earning 55 percent per year, compounded quarterly. How many dollars in withdrawals per month would reduce this nest egg to zero in 10 years? (Use Exhibit 18-16) Withdrawal rate You Can Reduce Your Nest Egg to Zero by Withdrawing This Much Each Month for the Stated Number of Years g nt Or You Can Withdraw This Each Month a Leave Your Ne Egg Intact st 10 15 20 30 25 Years Years Years Years Years 00 $ 107 $ 81 $ 68 $ 61 $ 56 $ 46 00 161 121 102 91 84 69 000 215 162 136 121 112 92 200 269 202 170 152 140 115 000 322 243 204 182 168 138 000 430 323 272 243 224 184 000 537 404 340 304 281 230 2.000 645 485 408 364 337 276 859 2.000 647 544 486 449 368 3,000 1.074 808 680 607 460 561 ased on an interest rate of 55 percent per year compounded quarterly Select Committee on Aging, U.S. House of Representatives

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