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From her $1,500,000 retirement account, Susan wishes to draw twenty equal annual payments at the end of each year and still have $400,000 remaining after
From her $1,500,000 retirement account, Susan wishes to draw twenty equal annual payments at the end of each year and still have $400,000 remaining after the final withdrawal. Assuming the savings account will earn 7 percent per year, how much can she withdraw each period?
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