zzinfinity
New member
- Joined
- Nov 12, 2009
- Messages
- 12
Suppose I invest $150,000 today into an account that earns interest at 8%. After 10 years I begin withdrawing "x" dollars every month. What is the max value "x" can be if I want to continue making withdrawals for 50 years (so 60 total years after the account's inception)?
How would one approach this problem? Is the a name for this type of calc? Thanks in advance.
How would one approach this problem? Is the a name for this type of calc? Thanks in advance.