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A woman, with her employers matching program, contributes $200 at the end of each month to her retirement account, which earns 8% interest, compounded monthly.
A woman, with her employers matching program, contributes $200 at the end of each month to her retirement account, which earns 8% interest, compounded monthly. When she retires after 48 years, she plans to make monthly wothdrawals for 35 years. If her account earns 6% interest, compunded monthly, then when she retires, what is her maximum possible monthly withdrawal (without running out of kindh)?
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis Gapenski
1st Edition
1567930905, 978-1567930900
