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math 105 homework 7. Suppose you have $4000,000 saved up in an account when you retire at 65. The account pays 4% interest compounded monthly.

math 105 homework

7. Suppose you have $4000,000 saved up in an account when you retire at 65. The account pays 4% interest compounded monthly. You begin taking $2500 a month out of the account, how old will you be when it runs out? What should you do?T

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