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Mrs. Sotomayor has $4,310,100 and wants to retire. She expects to live for another 12 years and to earn 4.0% on her invested funds. How
Mrs. Sotomayor has $4,310,100 and wants to retire. She expects to live for another 12 years and to earn 4.0% on her invested funds. How much could she withdraw at the end of each of the next 15 years and still end up with $1,000,000 in the account? Please show the excel inputs and functions used.
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