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P12-55A solve various time value of money scenarios Assume that Ramona accumulates savings of 1.5 million by the time she retires. If she invest this

P12-55A solve various time value of money scenarios

Assume that Ramona accumulates savings of 1.5 million by the time she retires. If she invest this savings at 12% how much money will she be able to withdraw at the end of each year for 20 years?

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