Question
Today, you are retiring. You have a total of $413,926 in your retirement savings and have the funds invested at 4.2 percent, compounded monthly. You
Today, you are retiring. You have a total of $413,926 in your retirement savings and have the funds invested at 4.2 percent, compounded monthly. You want to withdraw $2,500 at the beginning of every month, starting today. You also want the withdrawals to stop when your account balance declines to $100,000. For how many years can you make withdrawals?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
