) 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
) 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
Problem 1PS
Related questions
Question
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BOY: Amount Withdrawn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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdbbbc3d7-b064-449c-b74f-96eaae118f30%2Ffe8070c0-fd87-4745-a8f2-cb5cc3ee8ffa%2F3xrl8i_processed.jpeg&w=3840&q=75)
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BOY: Amount Withdrawn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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