Question: please help me woth this problem thank you Based on Q2, now suppose you want to withdraw $500,000 each year from your individual retirement account
Based on Q2, now suppose you want to withdraw $500,000 each year from your individual retirement account while the account continues to eam 11.5%APR, how long would it take before you exhaust your savings? Write down your answer and Show the Excel formula or financial calculator inputs you used to estimate how long it will take to exhaust your savings. Based on Q2, now suppose you want to withdraw $500,000 each year from your individual retirement account while the account continues to eam 11.5%APR, how long would it take before you exhaust your savings? Write down your answer and Show the Excel formula or financial calculator inputs you used to estimate how long it will take to exhaust your savings
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