2 years ago

End of each of the next 20

Mathematics

1 answer:

Gala2k [10]2 years ago

5 0

Answer:

Annual withdraw= $57,583.68

Step-by-step explanation:

Giving the following information:

Present Value (PV)= $555,000

Interest rate (i)= 0.0825

Number of periods (n)= 20

<u>To calculate the annual withdrawals, we need to use the following formula:</u>

Annual withdraw= (PV*i) / [1 - (1+i)^(-n)]

Annual withdraw= (555,000*0.0825) / [1 - (1.0825^-20)]

Annual withdraw= $57,583.68

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2 years ago

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Answer:

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