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Question 54 (3 points) When you retire, you plan to combined the balances of all of your retirement accounts into one account. Assume that when

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Question 54 (3 points) When you retire, you plan to combined the balances of all of your retirement accounts into one account. Assume that when you retire, your bond account has a balance of $650,000 and your 401K (stock account) has a balance of $3,125,000. The combined account balance will be invested at a fairly conservative rate of 4.125% annually. Your plan is to withdraw an equal amount from the combined account at the end of each year for the next 15 years and then have nothing left. How much can you withdraw each year in your retirement? (Format your answer appropriately to include the $ and applicable commas. Round your answer to 2 decimal places.)

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