How soon will the fund be exhausted if debbie withdraws


Debbie has $571,812 accumulated in a 401K plan. The fund is earning a low, but safe, 3% per year. The withdrawals will take place annually starting today. How soon will the fund be exhausted if Debbie withdraws $60,000 each year?

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Accounting Basics: How soon will the fund be exhausted if debbie withdraws
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