You deposit $2,600 at the beginning of every year for 30 years into an investment that earns 9.5%. At the end of 30 years you put the investment into an account that earns 3.5%. This account will be used to fund a 25-year annuity. If you take the money out at the end of every year, what is the annual annuity amount you will withdraw yearly for 25 years?
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Home » Business » You deposit $2,600 at the beginning of every year for 30 years into an investment that earns 9.5%. At the end of 30 years you put the investment into an account that earns 3.5%. This account will be used to fund a 25-year annuity.