Sean (age 73 at end of 2020)retired five years ago. The balance in his 401(k)account on December 31, 2019, was $1,740,000 and the balance in his account on December 31, 2020, was $1,805,000. Using the Treasury table below, what is Sean's required minimum distribution for 2020?
Definitions:
Algorithms
Step-by-step procedures or formulas for solving problems or completing tasks, often used in computing and mathematics to ensure accuracy and efficiency.
Systematic Test
A methodical and structured approach to evaluating and measuring the functionality, performance, or reliability of a system or component.
Incremental Steps
Small, sequential advances or improvements made towards achieving a larger goal.
Generate-and-Test
A problem-solving strategy that involves attempting numerous solutions and checking their validity to solve a given problem.
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