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At the time of your retirement you have 200,000 pesos in an account that pays 8.4% monthly. If you decide to withdraw equal monthly payments
At the time of your retirement you have 200,000 pesos in an account that pays 8.4% monthly. If you decide to withdraw equal monthly payments for 10 years, at the end of which time the account will have zero balance, how much should you withdraw each month?
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