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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 6% 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 15%, and his deposit amount will remain constant).
Group of answer choices
$11,573
$16,890
$17,040
$15,387
$7,396
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