) Input Annual Rate during Retirment 1 inflation during Retirment Years in Retirment Accumulated Amount Initial withdrawal (guess) S N PV PMT 4% 216 30 $0.00 120,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Please help. show formula in excel please.

goes down to 30 withdrawals with ending balance as final answer

 

 

 .the PV is $2,557,090.95

 

3) Input
Annual Rate during Retirment 1
Inflation during Retirment
Years in Retirment
Accumulated Amount
Initial withdrawal (guess)
Withdrawal
E
N
PV
PMT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Beginning Balance
4%
21
30
$0.00
120,000
BOY: Amount Withdrawn
Investable Funds
Earnings
Ending Balances
Transcribed Image Text:3) Input Annual Rate during Retirment 1 Inflation during Retirment Years in Retirment Accumulated Amount Initial withdrawal (guess) Withdrawal E N PV PMT 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 Beginning Balance 4% 21 30 $0.00 120,000 BOY: Amount Withdrawn Investable Funds Earnings Ending Balances
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