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A retirement account has $912,840 that will be used to start an annuity that earns 4.5% annual interest that is compounded monthly. How much will
A retirement account has $912,840 that will be used to start an annuity that earns 4.5% annual interest that is compounded monthly. How much will you be able to withdraw each month from the annuity if you expect to live for the next 30 years? (Do not use the dollar symbol $ in your answer)
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