At age 16 you inherited $59000 and invested it at 12% compounded annually. How much can you withdraw annually in order to deplete the account if the first withdrawal is at age 34 and the last is at age 64?
SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE
SOLVED WITH BA II PLUS CALCULATOR
Get Answers For Free
Most questions answered within 1 hours.