Antie Lope has been saving $6000 annually for the past 28 years in an investment account which

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Antie Lope has been saving $6000 annually for the past 28 years in an investment account which has been earning 9% annually. She is planning on retiring now. She is a little afraid that she might outlive her retirement savings, so she is planhing to "live forever" by setting up a perpetual annuity. During her retirement Antie plans on investing in safer investments so her expected return is going to be 5%. How much can Antie plan on withdrawing annually "forever" so she won't have to worry about outliving her retirement funds?

Posted Date: May 08, 2024 03:33 AM

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Antie Lope has been saving $6000 annually for the past 28 years in an investment account which

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