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You have $60,000 in your retirement fund that is earning 5,5 percent per year, compounded quarterly. How many dollars in withdrawals per month would reduce
You have $60,000 in your retirement fund that is earning 5,5 percent per year, compounded quarterly. How many dollars in withdrawals per month would reduce this nest egg to zero in 20 years? (Use Exhibit 18-16.) Problem 18-8 Calculating Retirement Amount [LO18-6] Calculate how much you would have in 15 years if you saved $5,500 a year at an annual rate of 9 percent with the company contributing $1,375 a year, Use (Exhibit 1-A. Exhibit 1-B, Exhibit 1-C. Exhibit 1-D). Note: Use appropriate factor(s) from the tables provided. Round time value factor to 3 decimal places and answer to 2 decimal places
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