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Finance_On_Demand (Id: 1054313)
Part-Time CFO, Controller, Systems, Modeling, Bookkeeping & Tax
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Finance & Accounting |
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Earnings: $25.00 (year)
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| Last 3 months |
$0.00 |
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$25.00 |
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$5,999.00 |
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Need Math Formula
Need a formula to figure out the max withdrawal someone can take out of a retirement account for a specified numb er of years.
need the formula that given as an example
a starting amount and projected ROI
number of years this amount is to last
a projected inflation factor... Show all Need a formula to figure out the max withdrawal someone can take out of a retirement account for a specified numb er of years.
need the formula that given as an example
a starting amount and projected ROI
number of years this amount is to last
a projected inflation factor on the withdrawal amount
(which is what is to be solved for)
Example
If I have $500,000 in my retirement account and I project 5% growth at the end of each year. How much can I take out (projecting 3% growth on withdrawals) so the account hits 0 at the end of 20 years.
Want a simple formula not excel functions Show less
| Category: | Finance & Accounting |
| Employer ID: | 237965 |
| Amount paid: | $25.00 |
| Last pay date: | 8 Oct 2009 |
| Average received from Employer: |
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 1 invoice / 1 project review
| Invoice ID: | 279821 |
| Amount paid: | $25.00 |
| Pay date: | 8 Oct 2009 |
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Quickly grasped need and produced an excellent solution |
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Client was a pleasure to work with and very good communicator - both in needs and responsiveness. Would be happy to perform future services to them! |
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http://www.guru.com/freelancers/Finance_On_Demand
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Paul Benedetto, Managing Director
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United States |
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(GMT-08:00) Pacific Time (US & Canada) |
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6:00 AM |
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