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Industrial Engineering/Engineering Economy Question pt 3 Problem #3: How much money can be withdrawn monthly for 20 years from a retirement fund which earns a

Industrial Engineering/Engineering Economy Question pt 3
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Problem #3: How much money can be withdrawn monthly for 20 years from a retirement fund which earns a nominal 8% per year interest compounded monthly and has a present amount $360,000 in it? (Note: The effective monthly interest rate is 8/12 - .666667%. Therefore, you may not want to use the tables.)

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