Question
You will have $180,000 saved in your retirement fund when you retire. If you put the savings into a payout annuity offering 6.5% interest and
You will have $180,000 saved in your retirement fund when you retire. If you put the savings into a payout annuity offering 6.5% interest and make monthly withdrawals for20 years, what will your monthly withdrawal amount be?
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So the monthly withdrawal amount for 20 years from a retirement ...
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Basic Finance An Introduction to Financial Institutions Investments and Management
Authors: Herbert B. Mayo
10th edition
1111820635, 978-1111820633
