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Full solution Dave has $605,000 in saving on the day he retires. he earns 5% compounded semi-annually and plans to withdraw 15300 ( except for

Full solution

Dave has $605,000 in saving on the day he retires. he earns 5% compounded semi-annually and plans to withdraw 15300 ( except for a smaller final payment) from his saving at the end of each quarter for how long in years can he keep making a withdrawal?

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