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Posted on Sep 04, 2024

At age 2 6 you inherited $ 1 8 0 0 0 0 and invested it at 1 6 % compounded annually. How much can

At age

26

you inherited $

180000

and invested it at

16 %

compounded annually. How much can you withdraw annually in order to deplete the account if the first withdrawal is at age

44

and the last is at age

74 ?

Note: your answer must be within $

100

of the correct answer.

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