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On the day you retire you have exactly $1,600,000 in your retirement account. You wish to make equal annual withdrawals (first withdrawal occuring one year

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On the day you retire you have exactly $1,600,000 in your retirement account. You wish to make equal annual withdrawals (first withdrawal occuring one year from today) so that you run out of money after the 35th withdrawal. Your retirement account will earn a return of 3.1% per year. What annual withdrawal will achieve this goal? Round your answer to the nearest dollar; do not enter commas or dollar signs

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