Question
You have saved $54,000 in a 401(k) account at retirement. What is the minimum annual rate of return would allow you to withdraw $10,000
You have saved $54,000 in a 401(k) account at retirement. What is the minimum annual rate of return would allow you to withdraw $10,000 each year forever without reducing your account value? You have $122,000 in your retirement account that is earning 8% per year. How many dollars in withdrawals per year would reduce this nest egg to zero in 20 years?
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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