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An investor plans to save 45 years for his retirement with $500 monthly deposits. He plans to live in retirement exactly 30 and withdraw his

An investor plans to save 45 years for his retirement with $500 monthly deposits. He plans to live in retirement exactly 30 and withdraw his entire saving in equal monthly withdrawals. In the saving years, he expects 9% annual rate of return and in the retirement years 3% annual rate of return. Calculate the equal monthly withdrawals in his retirement years.

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