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SOLVE FOR NPER Your father has $ 2 , 0 0 0 , 0 0 0 in an account for retirement. He has been earning

SOLVE FOR NPER Your father has $

2, 000, 000

in an account for retirement. He has been earning

3 %

on the

investment and thinks that is likely what he will continue to earn in the future. He thinks he will

live for another

30

years. If he wants to withdraw $

100, 000

each year, will he be able to take

these payments out for his entire life?

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