Mike wants to receive $40,000 per year pre-tax from his investments for the next 30 years? He is concerned about inflation, which he expects to average 3%. He can earn a pre-tax rate of 6% on his money? How much does he need in an account to generate $40,000 in annual inflation-adjusted income (payments at the end of each year)?

Answer rating: 100% (QA)

To calculate how much Mike needs in his account to generate 40000 in annual inflationadjust... View the full answer