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6. You have $1,000,000 saved for retirement in an investment account which pays 4%, compounded monthly. a. How much money can you take out each

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6. You have $1,000,000 saved for retirement in an investment account which pays 4%, compounded monthly. a. How much money can you take out each month if you want the account to last for 20 years? b. How much money can you take out each month if you want the account to last for 10 years

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