You have accumulated $800,000 for your retirement.How much money can you withdraw in equal annual beginning-of-the-year cash flows if you invest the money at a rate of 7% for thirty years?
A)$64,469.12
B)$60,251.52
C)$8,469.12
D)$9,061.96

Question

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The Answer of You have accumulated $800,000 for your retirement.How much money can you withdraw in equal annual beginning-of-the-year cash flows if you invest the money at a rate of 7% for thirty years?
A)$64,469.12
B)$60,251.52
C)$8,469.12
D)$9,061.96

You Have Accumulated $800,000 for Your Retirement