Explore BrainMass

Explore BrainMass

    Compute amount of withdrawal beginning in 35 years.

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    I am planning to save 3000 per year and my first deposit will be made next year. I am going to invest in a mutual fund which will return 10% per year. I am going to retire in 35 years and will live live for another 30 years after I retire. My first withdrawal will be in 35 years. How much can I spend each year after I retire?

    © BrainMass Inc. brainmass.com October 10, 2019, 1:33 am ad1c9bdddf

    Solution Preview


    1. First compute the future value of the $3,000 annuity for 35 years ...

    Solution Summary

    The expert computes the amount of withdrawal beginning in 35 years.