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Mr. Nieto has $3,431,712 and wants to retire. He expects to live for another 15 years and to earn 5.0% on his invested funds. How
Mr. Nieto has $3,431,712 and wants to retire. He expects to live for another 15 years and to earn 5.0% on his invested funds. How much could he withdraw at the end of each of the next 15 years and end up with $500,000 in the account?
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