question archive Annuity Payments
Annuity Payments
Subject:FinancePrice: Bought3
Annuity Payments. Find the retirement calculator at www.moneychimp.com to answer the following question: Suppose you have $1,500,000 when you retire and want to withdraw an equal amount each year for the next 30 years. How much can you withdraw each year if you earn 7 percent? What if you can earn 9 percent?
