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Suppose that you saved $2 million for retirement. You expect to be able to earn 4% annual interest for the next 30 years. You plan

Suppose that you saved $2 million for retirement. You expect to be able to earn 4% annual interest for the next 30 years. You plan to exhaust your retirement account in 30 years. a. How much money can you afford to withdraw each month? b. If you instead withdraw $12,000 per month, how much will you have left in your account in 5 years? c. If you withdraw $12,000 per month, how long will it be before you are broke?

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