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3. You want to retire on the day you have $1,000,000 in your savings account. You expect to earn 4 percent, compounded monthly, on your
3. You want to retire on the day you have $1,000,000 in your savings account. You expect to earn 4 percent, compounded monthly, on your money during your retirement. Your plan is to withdraw $4,500 a month as retirement income from this account. How many years can you be retired until you run out of money
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