You have accumulated $1,937,052 for your retirement. How much money can you withdraw for the next 18 years in equal annual end-of-the-year cash flows if you invest the money at a rate of 14.69 percent per year, compounded annually? Round the answer to two decimal places.

Answer rating: 100% (QA)

We can use the present value of an annuity formula to calculate th... View the full answer