...to fund withdrawls of $1,500 per month for 15 years, if the annuity earns 4% per year, compounded monthly, and if there is to be $2,000 left in the annuity at the end of the 15 years. Assume withdrawls are made at the end of each month
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Present value of annuity will be 202233.51
Rate = 0.33%
Total Payment periods = 180
withdrawal = -1500
Future Value = 2000
type = 0 (withdrawal at the end of the month)
Rate = 0.33%
Total Payment periods = 180
withdrawal = -1500
Future Value = 2000
type = 0 (withdrawal at the end of the month)