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Suppose your father has just retired and has a retirement nest egg currently worth $1,000,000. If he plans to take out $98,100 at the end

Suppose your father has just retired and has a retirement nest egg currently worth $1,000,000. If he plans to take out $98,100 at the end of each of the next 25 years, the beginning one year from today, so that his nest egg is worth nothing after making the 25 withdrawal, what interest rate must his nest egg earn?

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