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Question 2 Ella Funt would like to set up her retirement account that will begin in 10 years . To play it safe , she wants to assume that she will live forever and she will withdraw $ 160, 000 annually . Assuming her account will earn 10 %/ interest during the next 10 years and S Y’ interest afterwards forever, how much wil Ella need to save annually Over the next So years to fund her retirement account !" $ 12, 0 08

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Question 2
Ella Funt would like to set up her retirement account that will begin in 10 years . To
play it safe , she wants to assume that she will live forever and she will withdraw
$ 160, 000 annually . Assuming her account will earn 10 %/ interest during the next 10
years and S Y’ interest afterwards forever, how much wil Ella need to save annually
Over the next So years to fund her retirement account !"
$ 12, 0 08

 
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