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Charles is ready to retire. He looks at his retirement fund and sees that he has $238,216.00 available. Assume that the money will continue to
Charles is ready to retire. He looks at his retirement fund and sees that he has $238,216.00 available. Assume that the money will continue to gain interest on the remaining balance after each withdrawal at a rate of 6% per year compounded annually. How much can Charles withdraw from the account for the next 18 years?
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