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You are going to withdraw $45,000 every year at the end of the year for the next 20 years.

Published on January 2018 | Categories: Genealogy | Downloads: 48 | Comments: 0
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You are going to withdraw $45,000 every year at the end of the year for the next 20 years. How much money have you accumulated for your retirement? Your account pays you 7.5% percent per year compounded annually? To answer you have to find the present value of these cash flows. Round the answer to two decimal places.

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You are going to withdraw $45,000 every year at the end of the year for the next 20 years. How much money have you accumulated for your retirement? Your account pays you 7.5% percent per year compounded annually? To answer you have to find the present value of these cash flows. Round the answer to two decimal places.

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