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You have $433,579 in a your 401(k) retirement account earning 5.3 percent per year. You are retiring now and have a life expectancy of 7
You have $433,579 in a your 401(k) retirement account earning 5.3 percent per year. You are retiring now and have a life expectancy of 7 years. You plan to make equal yearly withdrawals (end of each year) from your account and completely deplete it because "you can't take it with you." How much are your withdrawals?
Answer to the nearest cent, xxx.xx and enter without the dollar sign.
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