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15 points: Larry has an IRA that has $1,000,000 in it when he retires. Assume that money earns an annual rate of 4% compounded quarterly

15 points: Larry has an IRA that has $1,000,000 in it when he retires.

Assume that money earns an annual rate of 4% compounded quarterly for all questions.

AFTER RETIREMENT - What is the minimum quarterly withdrawal each quarter over the NEXT 25 years so that the balance is zero on his last withdrawal?

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