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Eric is trying to decide if they can afford to retire now. They currently have $1,561,000 in their retirement account that is expected to continue
"Eric is trying to decide if they can afford to retire now. They currently have $1,561,000 in their retirement account that is expected to continue to earn 6.4% each year. They would like their retirement account to not run out of money until they are 84 years old years old. If they are currently age 64, how much can they afford to withdraw from their retirement account each month?"
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