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Sally has saved $3,000,000 for retirement. Starting next year, she will begin drawing from her retirement account. Sally believes she can eam a retur of
Sally has saved $3,000,000 for retirement. Starting next year, she will begin drawing from her retirement account. Sally believes she can eam a retur of 4.2% during retirement. She would also like to increase her withdrawals by 2.2% per year to account for inflation. If Sally wants her retirement account to last forever, how much can she withdraw one year from now?
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Authors: Braun Schweiger
1st Edition
1493700391, 978-1493700394
