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Suppose I retired today. I have an annuity worth $ 3 0 0 , 0 0 0 as part of my retirement plan. It earns
Suppose I retired today. I have an annuity worth $ as part of my retirement plan. It earns an annual rate of compounded monthly. Suppose I want to make monthly withdrawals for years. What is the maximum amount I ca take out each month so that there is a zero balance after years? Also, how much interest would I earn over that period? Once it's gone I'll turn to other investments.
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