Your retention incentive account has a current balance of $234,146 earning 4.3 percent per year. You...

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Your retention incentive account has a current balance of $234,146 earning 4.3 percent per year. You are allowed to withdraw from it at the at the end of every year, over 7 years, in equal annual withdrawals until the account is completely depleted. How much are your withdrawals? Answer to the nearest cent, and enter without the dollar sign. Your retention incentive account has a current balance of $234,146 earning 4.3 percent per year. You are allowed to withdraw from it at the at the end of every year, over 7 years, in equal annual withdrawals until the account is completely depleted. How much are your withdrawals? Answer to the nearest cent, and enter without the dollar sign.

Answer rating: 100% (QA)

find the amount of your annual withdrawals by calculating the future value of an annuity This is a s... View the full answer