If an annuity costs $200,000 and yields 7 percent annually for 5 years, how much cash can an individual withdraw each year such that the principal is consumed at the end of the time period?

Question

If an annuity costs $200,000 and yields 7 percent annually for 5 years, how much cash can an individual withdraw each year such that the principal is consumed at the end of the time period?​

Quizplus · Accepted Answer

The Answer of If an annuity costs $200,000 and yields 7 percent annually for 5 years, how much cash can an individual withdraw each year such that the principal is consumed at the end of the time period?​

If an Annuity Costs $200,000 and Yields 7 Percent Annually