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Lee plans to retire in 22 years with a nest egg of $8M. He has already saved $500,000 in an investment account that generates a

Lee plans to retire in 22 years with a nest egg of $8M. He has already saved $500,000 in an investment account that generates a nominal rate of return of 12%, compounded quarterly. However, he needs to withdraw $150,000 from this account in 10 years to finance his son

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