Question
You have saved 1, 875,000 and have just retired. Assuming you will make 4% in your money, how much can you withdraw each month if
You have saved 1, 875,000 and have just retired. Assuming you will make 4% in your money, how much can you withdraw each month if you plan on having the money last 25 years? Suppose your investments earns 6%, how much can you withdraw each month?
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Focus On Personal Finance
Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart
5th Edition
0077861744, 978-0077861742
