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Your uncle has $500,000 and wants to retire. He expects to live for another 20 years,...

Your uncle has $500,000 and wants to retire. He expects to live for another 20 years, and he also expects to earn 5% on his invested funds. How much could he withdraw at the beginning of each of the next 20 years and end up with zero in the account?

$40,474.12

$39,617.22

$39,259.89

38,210.76

$37,759.46

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Answer #1

       VEO po= Rate of expected return = T = Expectod Time = 20 yrs. Income - I soo,000 5% M(1-(ltr)-T) M(1-(1+52)-20) = 500,000 بڑی

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