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Your aunt has $1,500,000 and wants to retire. He expects to live for another 40 years and

Your aunt has $1,500,000 and wants to retire. He expects to live for another 40 years and

Your aunt has $1,500,000 and wants to retire. He expects to live for another 40 years and to earn 4.5% on his invested funds. How much could he withdraw at the end of each of the next 40 years and end up with zero in the account?

   

$81,514.72

   

$84,775.31

   

$14,014.72

   

$14,575.31

Abhinav 03-Dec-2019

Answer (UnSolved)

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