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An employee has just retired after 3 5 years with a company. His total pension funds have an accumulated value of $ 3 , 0

An employee has just retired after 35 years with a company. His total pension funds have an accumulated value of $3,000,000, and his life expectancy is 30 more years. His pension fund manager assumes he can earn a 6 percent annual return on his assets. What will be his yearly annuity (i.e., the annual withdrawal amount) for the next 30 years?
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