In wisely planning for your retirement, you invest $12,000 per year for 20 years into a 401-k

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In wisely planning for your retirement, you invest $12,000 per year for 20 years into a 401-k investment account.

(a) How much can you withdraw each year for 10 years, starting 1 year after your last deposit, if you want a real return of 10% per year when the inflation rate averages 2.8% per year?

(b) For a spreadsheet function challenge, write a single-cell function that displays the correct 10-year annual withdrawal amount directly.

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Engineering Economy

ISBN: 978-0073523439

8th edition

Authors: Leland T. Blank, Anthony Tarquin

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Question Posted: Dec 26, 2018 06:52 AM

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In wisely planning for your retirement, you invest $12,000 per year for 20 years into a 401-k

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a i f 010 0028 0100028 01308 1308 per ...View the full answer

Engineering Economy

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