70 year old and inherits 1,000,000 from her mother. She decides decides to retire and enjot her money. Money will be invested at 3% per year.she…
70 year old and inherits 1,000,000 from her mother. She decides decides to retire and enjot her money. Money will be invested at 3% per year.she thinks she will live only 20 yeras from now. She would like to make sure that thereis 200,000 left to pass on to her children. If she plans on taking out money each year ( at the begining OF THE year), HOW MUCH CAN SHE TAKE OUT?
