Daniella has just invested $20,000 in a mutual fund. She has enrolled in a ratio withdrawal...

 

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Daniella has just invested $20,000 in a mutual fund. She has enrolled in a "ratio withdrawal" plan which is set to pay out 20% of the value of the fund each year, at the beginning of the year. Assume the first withdraw happens at the beginning of Year 1. Also assume that Daniella's portfolio will consistently grow at rate of 6% per year. What amount of money would be paid out to Daniella in Year 2? $4,000.00 16,960.00 $3,392.00 $14,382.00 Daniella has just invested $20,000 in a mutual fund. She has enrolled in a "ratio withdrawal" plan which is set to pay out 20% of the value of the fund each year, at the beginning of the year. Assume the first withdraw happens at the beginning of Year 1. Also assume that Daniella's portfolio will consistently grow at rate of 6% per year. What amount of money would be paid out to Daniella in Year 2? $4,000.00 16,960.00 $3,392.00 $14,382.00

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