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Mathew plans to retire in 6 years from today with $1000000 in his retirement account. If he receives $175000 per year from his account and
Mathew plans to retire in 6 years from today with $1000000 in his retirement account. If he receives $175000 per year from his account and he receives his first $175000 payment in 6 years from today and his last $175000 payment in 12 years from today, then what is the expected annual return for his account?
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