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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 years with a company. His total pension funds have an accumulated value of $ and his life expectancy is more years. His pension fund manager assumes he can earn a percent annual return on his assets. What will be his yearly annuity ie the annual withdrawal amount for the next years?
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