Assume that you saved 750000 and invested in an account


Question: Assume that you saved $750,000 and invested in an account that pays 5.00%. You expect inflation to average 2%, and you want to make end-of-year withdrawals growing at the rate of inflation over each of the next 20 years and end up with a zero balance after the 20th year. How large will your initial withdrawal be?

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Finance Basics: Assume that you saved 750000 and invested in an account
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