Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.
You just graduated from college and are starting your new job.
You just graduated from college and are starting your new job. You realized the importance to save for the future and have figured out that you will save $2,000 per quarter for the next 10 years; and then increase to $5,000 per quarter for the following 6 years. The amount accumulated at the end of these investments will be your retirement egg nest. You plan to start retirement and start withdrawing quarterly amounts the following quarter (you will be in retirement for 21 years). If your required rate of return is 12% compounded quarterly, how much are your quarterly withdrawals?
Do not use the $ sign. Use commas to separate thousands. Use to decimals. Round to the nearest dollar. For example if you obtain $1,432.728 then enter 1,433; if you obtain $432.00 then enter 432