anonymous
  • anonymous
Prob.Set 4, problem 4. I think I am reading this problem incorrectly. Is it the max amount to withdraw during retirement only, or both retirement and working years?
MIT 6.00 Intro Computer Science (OCW)
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
jamiebookeater
  • jamiebookeater
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
Right now my result is 1213.35... if I make the total term to calculate == post+pre retirement. So I am off by about 16$.
sasogeek
  • sasogeek
what language are you coding in and where do you get your problem sets?
anonymous
  • anonymous
the problem deals with savings, not total income. The idea is that you save a certain amount every year after expenses, and don't start withdrawing until you retire, after which you withdraw the same amount each month.

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

anonymous
  • anonymous
sasogeek: Using Python 2.7. Problem sets are from the Opencourseware.
anonymous
  • anonymous
Sorry, I meant to use consistent units of time.
anonymous
  • anonymous
In that case, if I start withdrawing at Retirement, then by the problem, that would make the amount of time I retire == 5 years -> 1 for each value in PostRetireGrowthRates. In that case, my maxexpenses boost to 2335.53, which is more than double what is marked in the ps.assignments...because I need to withdraw enough each year, where at the end of my retirement I am left with nothing. That is how I am reading it...but then my result doesn't match the ps.set. handout.
anonymous
  • anonymous
@Somnamniac: I was thinking about what you said and realized I had to use my function for problem 2, within this new function., as my salary for the maxexpenses. Once I did that - my code spat out 1229.95 as indicated. Thanks for getting me to think a little!

Looking for something else?

Not the answer you are looking for? Search for more explanations.