Average return of the retirement account


My friend, Jane, would like to retire by December 31, 2008. She is wondering whether she can withdraw $100,000 every year forever. How much her nest egg should be assuming the average return of her retirement account is 10%? Would you help her to figure it out?

What present value formula would you use to figure out the answer?

Solution Preview :

Prepared by a verified Expert
Finance Basics: Average return of the retirement account
Reference No:- TGS02081451

Now Priced at $20 (50% Discount)

Recommended (99%)

Rated (4.3/5)

2015 ┬ęTutorsGlobe All rights reserved. TutorsGlobe Rated 4.8/5 based on 34139 reviews.