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

please help me woth this problem thank you
please help me woth this problem thank you Based on Q2, now

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

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!