You are about to retire. You have saved $1M in your retirment account: How long will the

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You are about to retire. You have saved $1M in your retirment account:

How long will the money last if you withdraw $7,000 every month?

The interest rate your earn on your investment is 8% and the first withdrawal is expected one month from now?

Related Book For answer-question

Microeconomics An Intuitive Approach with Calculus

ISBN: 978-0538453257

1st edition

Authors: Thomas Nechyba

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Posted Date: Jul 19, 2023 02:30 AM

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You are about to retire. You have saved $1M in your retirment account: How long will the

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Microeconomics An Intuitive Approach with Calculus

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