At the end of 2016, Susan had saved 65 000 € for her retirement. She plans to withdraw at the end of each year from 2023 until the end of 2030 the same amount every year. Calculate the amount she can withdraw annually. The interest rate of her account is 1.65 %, and the source tax rate is 30 9 Present value Number of payments Interest rate Source tax Net interest rate ANSWER

At the end of 2016, Susan had saved 65 000 € for her retirement. She plans to withdraw at the end of each year from 2023 until the end of 2030 the same amount every year. Calculate the amount she can withdraw annually. The interest rate of her account is 1.65 %, and the source tax rate is 30 9 Present value Number of payments Interest rate Source tax Net interest rate ANSWER

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 14E

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