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You have $300,000 saved for retirement. Your account earns 8% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years…

You have $300,000 saved for retirement. Your account earns 8% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years…
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You have $300,000 saved for retirement. Your account earns 8% interest.

How much will you be able to pull out each month, if you want to be able to
take withdrawals for 15 years?

asked
User BCLtd
by
8.8k points

1 Answer

6 votes

Answer:

Explanation:

You wire be able to put out

month, for 25 years.

$2307.94 each

answered
User Satch
by
8.3k points
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