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Assume now that Lee retires and has $8M in his investment account. If he wants to leave $10M to each of his two children upon

Assume now that Lee retires and has $8M in his investment account. If he wants to leave $10M

to each of his two children upon his death after enjoying 25 years of retirement. What is the

maximum annual withdrawal from the investment account Lee can make at the beginning of

every year during his retirement? (NOTE: interest rate is 12%, compounded quarterly) ... The expected answer is $818,587.57

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