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Bill Gates is retiring at age 62 and he hopes to live for another 13 years. When he quit his job (retired) he had saved
Bill Gates is retiring at age 62 and he hopes to live for another 13 years. When he quit his job (retired) he had saved $402,000. He will grow his saving by 6 percent per year. He plans to spend his last cent on the day of his death. Given this information what is the maximurrs that Bill Gates can withdraw each month? A. $1,909.92 B. $2,147.78 C. $2,219.46 D. $2,416.08 E. $2,688.77 Bill Gates is retiring at age 62 and he hopes to live for another 13 years. When he quit his job (retired) he had saved $402,000. He will grow his saving by 6 percent per year. He plans to spend his last cent on the day of his death. Given this information what is the maximurrs that Bill Gates can withdraw each month? A. $1,909.92 B. $2,147.78 C. $2,219.46 D. $2,416.08 E. $2,688.77
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