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Dr. Gyan retired today with $2,180,000 in her retirement account. She wishes to withdraw equal monthly amounts from this account for 25 years and then
Dr. Gyan retired today with $2,180,000 in her retirement account. She wishes to withdraw equal monthly amounts from this account for 25 years and then leave $3,000,000 as bequest for her children and grandchildren. The annual interest rate she will earn on the account is 6%. What is the maximum monthly amount she can withdraw from her account? O $0 $6,792.44 O $6,881.05 $9.654.51 O $9,716.73
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