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A person who is retiring at age 65 and who has $200,000 wants to leave an estate of at least $30,000. How much can the

A person who is retiring at age 65 and who has $200,000 wants to leave an estate of at least $30,000. How much can the individual draw annually on the $200,000 (starting at the end of the year) if the funds earn 8 percent and the person's life expectancy is 85 years?

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