Jill is saving $685 every month in an investment yielding 0.7% every month. She is planning...

 

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Jill is saving $685 every month in an investment yielding 0.7% every month. She is planning on retiring 444 months from now. At that point she will invest in safer assets yielding 0.4% every month and she is planning on withdrawing money for 312 months. How much will she be able to withdraw every month? Jill is saving $685 every month in an investment yielding 0.7% every month. She is planning on retiring 444 months from now. At that point she will invest in safer assets yielding 0.4% every month and she is planning on withdrawing money for 312 months. How much will she be able to withdraw every month?

Answer rating: 100% (QA)

To calculate how much Jill will be able to withdraw every month during her retirement we need to det... View the full answer