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You have an IRA worth $150,000 and want to start to make equal, annual withdrawals...

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Finance

You have an IRA worth $150,000 and want to start to make equal, annual withdrawals (i.e., distributions from the account) for 25 years. You anticipate earning 4 percent on the funds. (To facilitate the calculation, assume an ordinary annuity.) Use Appendix D to answer the questions. Round your answers to the nearest dollar. How much can you withdraw each year? $ Since you are earning 4 percent on your investments, how much of the withdrawal consumes

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