Question: please quickly!! Andy is retiring today and he'll take his first retirement distribution now. He wants future distributions to inflate at 2.5% per-year. Given his

please quickly!! Andy is retiring today and he'll take his first retirement please quickly!!

Andy is retiring today and he'll take his first retirement distribution now. He wants future distributions to inflate at 2.5% per-year. Given his retirement plan assets (i.e. stocks and bonds) yield 8.5% per-year, how much can he take as a first distribution? His retirement plan balance is $1,070,558 and he wants his distributions to last twenty-eight years

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