# Finance

posted by
**Melissa** on
.

If upon retirement in 20 years Simon plans to invest $400,000 in a fund that earns 5%, what is the maximum annual withdrawal he can make over the following 15 years?

posted by
**Melissa** on
.

If upon retirement in 20 years Simon plans to invest $400,000 in a fund that earns 5%, what is the maximum annual withdrawal he can make over the following 15 years?