Ken has just retired. his roth ira has a present value of $524,856.00 and has an interest rate of 3.4%, compounded annually. in addition, he receives a yearly pension of $32,615.12. given that ken plans to draw from his roth ira for the next fifteen years, find his total annual income.
a.
$86,483.17
b.
$77,862.30
c.
$50,503.76
d.
$49,915.55

Hi there
First find the yearly withdrawal amount using the formula of the present value of annuity ordinary
Pv=pmt [(1-(1+r)^(-n))÷r]
Solve for pmt
PMT=pv÷[(1-(1+r)^(-n))÷r]
Pv present value 524856
R interest rate 0.034
N time 15 years
PMT the yearly withdrawal?
PMT=524,856÷((1−(1+0.034)^(
−15))÷(0.034))=45,247.18

Since he receives a yearly pension of $32,615.12 so his total annual income is
45,247.18+32,615.12
=77,862.30 answer

Hope it helps

I think it would be 34 pages.

Explanation: because you would do 2x12=24.
The. You add 24+10=34.
Hope this is right and that it helps have a good and safe day!