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Currently, Nathan deposits $350 at the end of each month into an IRA and his company will match 40% of his deposit amount. He will
Currently, Nathan deposits $350 at the end of each month into an IRA and his company will match 40% of his deposit amount. He will retire in 45 years. Assuming his account will earn a 7.5% interest rate (APR), how much he can withdraw monthly after his retirement after-tax basis? (Assume he will live for another 25 years after retirement, his average tax rate will be 20%, and his deposit amount will remain constant). Group of answer choices $12,940 $7,396 $17,040 $11,387 $9,887
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