Terrance is age and retired. Beginning in he must start taking minimum distributions from his IRA account that had a balance of $ as of December Make these three assumptions: hIs IRA will earn per year based on the annual beginning balance, he will withdraw the minimum distribution on the last day of each calendar year, and only one distribution will be taken in
Required:
Calculate the amount of his distribution for years through and the ending balance in his IRA account on December Use Table I, Table III, and Table V
Note: Round "Applicable Llfe Expectancy" answers to decimal place and other answers to nearest whole dollar value. Use these answers in subsequent computations.
tableYeartableIRA Balance AtEnd of PriorYeartableApplicable LifeExpectancytableRequiredDistributiontableIRA EarningstableEndingBalance
