Question
Today, you are retiring. You have a total of $289,416 in your retirement savings. You want to withdraw $2,500 at the last day of every
Today, you are retiring. You have a total of $289,416 in your retirement savings. You want to withdraw $2,500 at the last day of every month, starting today and expect to earn 4.6%, compounded monthly. How long will it be until you run out of money?
| PV | 289,416 |
| PMT | 2,500 |
| Nominal Interest Rate | 4.60% |
| Monthly Interest Rate | 0.383% |
Please Use excel and show all of your work!
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Social Finance Shadow Banking During The Global Financial Crisis
Authors: Neil Shenai
1st Edition
3030082318, 978-3030082314
