Suppose that your retirement account has reached a value of $565,651 at age 60. If you let the funds remain invested an EAR of 6.7% until age 65, and do not make further contributions, how much can you receive annually in perpetuity (at the end of the year) starting at end of the year at age 65?

Answer rating: 100% (QA)

To calculate the amount that can be received annually in perpetuity starting at age 65 we can use th... View the full answer