Kevin wants to make the best choice for his retirement plan. He can withdraw money weekly, monthly, or quarterly. He needs to compare all three options and see if there is a difference in these three cases. He has
$250,000 saved for retirement in an account earning 3.5% interest. He plans to make regular withdrawals
for 25 years.
Compare these three options to see which one is more beneficial for Kevin. When you make comparison,
you should at least calculate
1. the amount he can withdraw each time period
2. the amount in total he can withdraw in 25 years
What observation can you make about the withdraw frequency when the interest rate stays the same?