Homework Answers
Present Value = $2,000,000
Time Period = 30 years
Interest Rate = 6%
Calculating Annual Withdrawal,
Using TVM Calculation,
PMT = [PV = 2,000,000, FV = 0, N = 30, I = 0.06]
PMT = $145,297.82
Annual WIthdrawal = $145,297.82
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