You will make 40 annual contributions to your retirement account, and then will withdraw 20 equal amounts until the account is depleted. In row 50, you estimated that amount. Repeat the same under the same assumptions only changing the yield rate for bonds to 3% and the yield rate for stocks to 8%. What will be the annual withdrawal under the new assumption.

Answer rating: 100% (QA)

To calculate the annual withdrawal we need to first calculate the value of the retirement account at ... View the full answer