I now have $250,000 in the bank. At the end of each of the next 20 years,

Question:

I now have $250,000 in the bank. At the end of each of the next 20 years, I withdraw $15,000. If I earn 8 percent per year on my investments, how much money will I have in 20 years?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: