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Once you have saved for retirement

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Once you have saved for retirement, how much can you draw from the retirement account every month over the 30 years that you expect to be retired? Assume that at the end of 30 years, the account balance will be zero and the payments to you will be made at the beginning of every month. (Hint: Use the PMT function to calculate the payments to yourself. Use the ending balance in your retirement account as the present value. Add a negative sign before the present value so the result appears as a positive number.) Years in retirement are 30, at retirement they will have $308,769.06 how do I put this in a pmt formula?

Reference no: EM131947922

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