Question
You currently have $350,000 saved in your retirement account and plan to save $1,500 per month until you retire in 35 years. If you earn
You currently have $350,000 saved in your retirement account and plan to save $1,500 per month until you retire in 35 years. If you earn 9% APR until you retire, how much can you withdraw each year for 30 years in your retirement if you earn 6% during your retirement?
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A. $346,003
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B. $801,149
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C. $907,012
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D. $157,920
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Case Studies In Finance
Authors: Robert Bruner, Kenneth Eades, Michael Schill
6th Edition
0073382450, 978-0073382456
