You have $2.1 million in an account that earns 4% per year. You withdraw $86,000 per year
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Question:
You have $2.1 million in an account that earns 4% per year. You withdraw $86,000 per year with the first withdrawal one year from now.
A. How many full $86,000 withdrawals can you make?
B. What would be the amount of your final, partial withdrawal?
Related Book For
Financial Statement Analysis
ISBN: 978-0078110962
11th edition
Authors: K. R. Subramanyam, John Wild
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