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Josh David having saved up a nest egg of $150,000 retires this years and looks forward to 30-year retirement of his nest egg is expected

Josh David having saved up a "nest egg" of $150,000 retires this years and looks forward to 30-year retirement of his "nest egg" is expected to earn 15% Effective Annual Rate (EAR). What will be his monthly income during retirement starting today?

a. 1,875 b. 1,794 c. 1,764 d. 1,630 e. 417

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