How much does Constance need to have on deposit at retirement if she plans to withdraw...

Question

Question

How much does Constance need to have on deposit at retirement if she plans to withdraw $15,000.00 annually for 20 years assum

Answer 1

Answer #1

rate positively ..


	We have to use financial calculator to solve this
	put in calculator -

	FV	0
	PMT	15000
	I	6%
	N	20

	Compute PV	($172,048.82)

	Therefore answer =	$172,048.82

Answer 2

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