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Suppose you inherited $1,000,000 and invested it at 6% per year. What is the maximum amount that you can withdraw at the beginning of each
Suppose you inherited $1,000,000 and invested it at 6% per year. What is the maximum amount that you can withdraw at the beginning of each of the next 20 years (ie your first withdrawl is today and you will make a total of 20 equal withdrawls)?
Suppose you inherited $1,000,000 and invested it at 6% per year. What is the maximum amount that you can withdraw at the beginning of each of the next 20 years (ie your first withdrawl is today and you will make a total of 20 equal withdrawls)?
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