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Arthure is retiring at age 62 and expects to live to age 85. On the day he retires, he has $348,219 in his retirement savings
Arthure is retiring at age 62 and expects to live to age 85. On the day he retires, he has $348,219 in his retirement savings account. He is somewhat conservative with his money and expects to earn 6% during his retirement years. How much can he withdraw from his retirement savings each month if she plans to spend his last penny on the morning of his death?
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