Business, 18.02.2020 00:34, angel10999

The first year after you retire you want to be able to withdraw $100,000 from your savings account. Every year after that you want to increase your withdrawals by 2%. You expect that the account will earn 6% annual interest. How much money must you have in your savings account when you retire to make sure that your money lasts for 30 years?

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The first year after you retire you want to be able to withdraw $100,000 from your savings account....