In wisely planning for your retirement, you invest $12,000 per year for 20 years into a 401(k) account. How much can you withdraw each year for 10 years, starting one year after your last deposit, if...


In wisely planning for your retirement, you invest $12,000 per year for 20 years into a 401(k) account. How much can you withdraw each year for 10 years, starting one year after your last deposit, if you obtain a real return of 10% per year? Assume the inflation rate averages 2.8% per year.



Jun 04, 2022
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