From her $1,500,000 retirement account, beginning in one year, Susan wishes to draw the first of twenty-five equal annual payments at the end of each year and still have $250,000 remaining at the time of the final withdrawal. Assuming the savings account will earn 3.5 percent per year, how much can she withdraw each period?

Answer rating: 100% (QA)

To calculate how much Susan can withdraw each period from her retirement ... View the full answer