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Find Each Withdrawal Using Payout Annuity Formula: You have $450,000 saved for retirement. Your account earns an APR of 5.5% compounded monthly. If you want

Find Each Withdrawal Using Payout Annuity Formula: You have $450,000 saved for retirement. Your account earns an APR of 5.5% compounded monthly. If you want to be able to take withdrawals for 25 years, how much will you be able to withdraw each month? A. $1,235.55 B. $895.84 C. $3,496.22 D. $2,763.39

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