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Your triend is celebeating her birthday and wanks to start saving for retrement. She has provided you with the following information: - Years until retrument
Your triend is celebeating her birthday and wanks to start saving for retrement. She has provided you with the following information: - Years until retrument 30 - Amount to withdraw each year in roturement \$120,000 - Years to withdraw in retrement 12 - Interest rate while saving 9% - Interest rate in retirement 6% - Saved today (nest egg) \$25,000 The frut depesil will be made one year from today, and the last deposit will be made on the day she retires. Her finst withdrawal wal not occur until one year ater ahe reires, and she QUESTION 18 Your friend is celebrasing her birthdy and wants to start saving sor resirement. She has provided you wh the following informabor. - Years until retirement 30 - Amount so wethdraw each year in retremont. $120.000 - Years to withdraw in relrement 12 - Interest rate while saving 9% - Interest rate in retiemerh. 6 s. - Saved todry (nest ega): 525000 plans to spend her entive nest ego deomais)
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