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3. Jamie Lee and Ross estimate that they will have $1 million in liquid assets to withdraw from at the start of their retirement. They

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3. Jamie Lee and Ross estimate that they will have $1 million in liquid assets to withdraw from at the start of their retirement. They plan to be in retirement for 30 years. Using the chart in Exhibit 18-16, "Dipping into Your Nest Egg," how much can Jamie Lee and Ross withdraw each month and still leave their nest egg intact? How much can they withdraw each month that will reduce their nest egg to zero

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