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Randy turned 50 years old today and has $5 million that he can invest in an account that will earn 3% interest per year.
Randy turned 50 years old today and has $5 million that he can invest in an account that will earn 3% interest per year. He wants to withdraw a fixed amount of money each month on his birthday starting exactly one month from today. He expects to make his last withdrawal on his 100th birthday. The amount of money he can withdraw each month is closest to
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To calculate the amount Randy can withdraw each month we can use the future value of an annuity form...
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Personal Finance
Authors: Thomas Garman, Raymond Forgue
12th edition
9781305176409, 1133595839, 1305176405, 978-1133595830
