Question
You have $488,705 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 $488,705 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 from your account and completely deplete it because "you can't take it with you." How much are your withdrawals?
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
