A retired couple plans to withdraw dollars per year from a
Chapter 6, Problem 71(choose chapter or problem)
A retired couple plans to withdraw P dollars per year from a retirement account of $500,000 earning 10% interest compounded continuously. Use the result of Exercise 70 and a graphing utility to graph the function A for each of the following continuous annual cash flows. Use the graphs to describe what happens to the balance in the fund for each case.
(a) P = $40,000
(b) P = $50,000
(c) P= $60,000
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