You have saved $250,000 and wish to retire today. For how many years can you draw $30,000, at the end of each year, if you can continue to earn interest at a rate of: Using excel

a. 5%?

b. 8%?

c. 10%?

d. 11%

(Length of an annuity due) Redo Problem 23 assuming that you make your withdrawals at the beginning of each year. using excel