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Please break it down and explain as much as you can. You inherited $1.0M on 12/31/21. The monay is put on a savings account that

Please break it down and explain as much as you can.
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You inherited $1.0M on 12/31/21. The monay is put on a savings account that pays 5% annually with annual Compounding. You withdraw $200K right away and $100K at the end of 2022 and 2023 . You plan to keep the mosey on your account until you retire at the end of 2061 . After that, you plan to withdraw an equal a mount for the next 20 yrs to empty the account. How much could you withdraw each of those 20yrs ? You inherited $1.0M on 12/31/21. The monay is put on a savings account that pays 5% annually with annual Conpounding. You withdraw $200K right away and $100K at the end of 2022 and 2023 . You plan to keep the moeey on your account until you retire at the end of 2061 . After that, you plan to withdraw an equal amount for the next 20 yrs to empty the account. How much could you withdraw each of those 20yrs

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