Question: Trying to solve a problem Withdrawals per year =$50,000 Number of years -25 Amount required at the end of 20 years will be equal to

Trying to solve a problem

Withdrawals per year =$50,000

Number of years -25

Amount required at the end of 20 years will be equal to the present value of all future withdrawls.

i.e. Amount = $50,000*PVAF(11%,25years)

= $50,000*8.422

= 421,100

Where or how do they get to 8.422. To multiply by the $50,000 I just can't figure that out?

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