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QUESTION

you are 26 years old and decide to save 7500 each year(with the first deposit year from now in an account paying 7% interest rate per year .

you are 26 years old and decide to save 7500 each year(with the first deposit year from now in an account paying 7% interest rate per year .you will make your last deposit 39 years from now)when you retire at 65 . During retirement, you plan to withdraw funds from the account at the end of each year.(so your first withdrawal is at age 68).what amount will be able to withdraw each year if you want the fund to last until you are 85.

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