How much money can they withdraw annually

Reference no: EM13269629

Over the past 38 years your parents saved money each month for their retirement. They retired this week and expect to live another 34 years. Their investment account is currently valued at $286,800 and is expected to return 6.5 percent annually in the future. How much money can they withdraw annually if they wish to spend all of their money during their lifetime?

Reference no: EM13269629

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