To increase his retirement income a man put away $600 per month for 25 years in an account that earns 5%. after 25 years he retires and plan to withdraw money each month from the account for the next 30 years. if the interest rate stays the same, what is the maximum amount of money he can withdraw?

Answer rating: 100% (QA)

Calculating the future value of his savings after 25 years FV P 1 ... View the full answer