You plan on saving $10,000 a year (as a regular annuity) for the next 30 years.You will

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You plan on saving $10,000 a year (as a regular annuity) for the next 30 years.You will then make equal withdrawals for each of the next 25 years (also a regular annuity).If the interest rate is 10% over the first 30 years but only 8% for the remaining 25 years, what will be the amount of each withdrawal?Round to 2 decimals.

Posted Date: May 18, 2024 07:05 PM

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You plan on saving $10,000 a year (as a regular annuity) for the next 30 years.You will

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