Question: Now William knows that he will have 1 , 3 6 5 , 0 0 0 in his inheritance fund, when he will reach age
Now William knows that he will have in his inheritance fund, when he will reach age sixty. He would like to know how much he could withdraw from the fund in equal installments at the end of each year from the year he reaches age until he reaches age the year he must start withdrawing funds from his individual retirement account IRA William assumes the funds will continue to earn at a percent annual rate. In other words, William would like to know the annual yearend payment from an elevenyear annuity from age to the year he will be earning percent annually on a principal sum of $ Round the answer to two decimal places. Your Answer:
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