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You have $25,000 in your retirement fund that is earning 5.5 percent per year, compounded...

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Finance

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You have $25,000 in your retirement fund that is earning 5.5 percent per year, compounded quarterly. a. How many dollars in withdrawals per month would reduce this nest egg to zelo in 20 years? Use Exhibit 14-7 Withdrawal b. How many dollars per month can you withdraw for as long as you live and still leave this nest egg Intact? Use Exhibit 14-7. Withdrawal YOU CAN REDUCE YOUR NEST EGG TO ZERO BY WITHDRAWING THIS MUCH EACH MONTH FOR THE STATED NUMBER OF YEARS... Starting Amount of Nest Egg Or You Can Withdraw This Much Each Month and Leave Your Nest Egg Intact 10 Years 15 Years 20 Years 25 Years 30 Years $ 10.000 $ 107 $ 81 $ 68 $ 61 $ 56 $ 46 15,000 161 121 102 91 84 69 20,000 215 162 136 121 112 92 25,000 269 202 170 152 140 115 30,000 322 243 204 182 168 138 40,000 430 323 272 243 224 184 50,000 537 404 340 304 281 230 60,000 645 485 408 364 337 276 80,000 859 647 544 486 449 368 100,000 1,074 808 680 607 561 460

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