If Jalisa estimates she will need $50,000 to live on each year at retirement and she continues to earn 5% on her investment at retirement, what will be the net change in her account balance for her first year of retirement ?(assume she withdraws the $50,000 at the beginning of the year)

Answer rating: 100% (QA)

Jalisas investment earnings for the year will be equal to the interest rate multiplied by her beginn... View the full answer