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- REGULAR WITHDRAWAL OF INVESTMENT
-
- THIS PROGRAM COMPUTES THE AMOUNT THAT CAN BE
- WITHDRAWN FROM AN INITIAL INVESTMENT,M TIMES
- PER YEAR FOR N YEARS,WITH NOTHING LEFT AT THE
- END OF N YEARS,IF THE NOMINAL INTEREST RATE IS
- GIVEN.
- THIS TYPE OF COMPUTATION SHOULD BE INTERESTING
- TO THOSE WHO WOULD LIKE TO KNOW HOW WELL THEY
- CAN LIVE FOR A FIXED NUMBER OF YEARS ON
- ACCUMULATED SAVINGS.
-
- PRESS ENTER TO BEGIN?
- AMOUNT OF INITIAL INVESTMENT? 123456
- NUMBER OF WITHDRAWALS PER YEAR? 12
- NUMBER OF YEARS OF WITHDRAWALS ? 10
- NOMINAL INTEREST RATE (%) ? 5
-
- REGULAR WITHDRAWAL PERMITTED = $1309.44
-
- PRESS 0 TO END,1 TO START OVER,2 FOR NEW INTEREST RATE? 0
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