Question 1195620
drawing at the end of each year is assumed.
using the calculator at <a href = "https://arachnoid.com/finance/" target = "_blank">https://arachnoid.com/finance/</a>. i get the following.
pv (present value) = 359,577.89.
here are the results from using that calculator.
<img src = "http://theo.x10hosting.com/2022/080201.jpg">
the present value is how much you need in the account at the beginning of the invstment period.
payments are assumed to be made at the end of each year.
if you are going to be withdrawng at the beginning of each year, then you will need to have pv (present value) = 391,939.90.
here are the results for the second analysis with withdrawals at the beginning of each year.
<img src = "http://theo.x10hosting.com/2022/080202.jpg">