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Calculate How Long Funds Will Last
I am not very good with financial worksheet functions and hope that someone
here can help. Is there a function that will return how long funds will last if you earn a static interest rate and withdraw a static amount of money that is more than the interest earned? Let's say, for example, the amount of money is $1,000,000, the interest rate is 4% and the yearly withdrawal is $50,000? |
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