Payments that can be withdrawnYour father’s employer was just acquired and he was given a severance payment of $375 000 which he invested at a 7.5% annual rate. He now plans to retire and he wants to withdraw $35 000 at the end of each year starting at the end of this year.What is the maximum number of whole payments that can be withdrawn before the account is exhausted; i.e. before the account balance would become negative?
Your father’s employer was just acquired and he was given a severance payment
by | Sep 6, 2025 | Statistics
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