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You have $15,000 in your retirement fund that is earning 5.5 percent per year, compounded quarterly. a. How many dollars in withdrawals per month would
You have $15,000 in your retirement fund that is earning 5.5 percent per year, compounded quarterly. a. How many dollars in withdrawals per month would reduce this nest egg to zero in 15 years? Use Exhibit 14-7 Withdrawal b. How many dollars per month can you withdraw for as long as you live and still leave this nest egg intact? Use Exhibit 14-7. Withdrawal YOU CAN REDUCE YOUR NEST EGG TO ZERO BY WITHDRAWING THIS MUCH EACH MONTH FOR THE STATED NUMBER OF YEARS... Starting Amount of Nest Egg Or You Can Withdraw This Much Each Month and Leave Your Nest Egg Intact 15 20 30 10 Years 25 Years Years Years Years $ 10.000 $ 107 $ 81 $ 68 $ 61 $ 56 $ 46 15,000 161 121 102 91 84 69 20,000 215 92 136 162 121 112 202 269 152 170 25,000 115 140 243 322 182 204 30.000 138 168 243 272 323 224 184 430 40,000 304 340 404 230 281 537 50.000 408 337 364 276 485 645 60.000 449 486 544 368 647 859 80,000 607 460 561 680 808 1,074 100.000
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