Question
Dan Morgan inherits $900,000. He plans to take out an equal sum over the next 25 years, while his funds earn 9%. How much can she take out at the end of each year?
I took the 900000/9.823 from the PVA IFA chart and it doesnt seem correct. It came out to roughly 91,000
I took the 900000/9.823 from the PVA IFA chart and it doesnt seem correct. It came out to roughly 91,000