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Sarah's wealth is now $1 million. She plans to withdraw 7% of her current wealth (i.e. 70,000) each year to maintain her current lifestyle. If
Sarah's wealth is now $1 million. She plans to withdraw 7% of her current wealth (i.e. 70,000) each year to maintain her current lifestyle. If she can earn 5% on herinvestment, for how many years can she live her current lifestyle before her money runs out?
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