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An individual retires at age 65 with $1,000,000 in his/her retirement account. What is the amount that this individual can withdraw from this account
An individual retires at age 65 with $1,000,000 in his/her retirement account. What is the amount that this individual can withdraw from this account in the form of an annual annuity due over the next 20 years, assuming a 5% simple annual rate of interest?
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
