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If I am investing $200,000 in a fund which earns 8% compound interest, what equal withdraw amount for 20yrs? |
If I am investing $200,000 in a fund which earns 8% compound interest, what equal withdraw amount for 20yrs? 932,191.43 is what your balance with a 8% APY after 20 years. on monthly divendends you would earn 1286.81. you can go on bankrate.com they have ever type of interest calcuator you can think of. is this a mathematics quiz or real world dilemma??.....would like to know more about the fund $200,000 invested at 8 per compound interest will let you withdraw $20,370 per year for 20 years. Withdraw $20,370 per year, you will use up all the money in 20 years. |
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