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Suppose your parents have just retired and have $1,000,00 in a retirement account. For how many years can they withdraw $5,000 at the beginning of
Suppose your parents have just retired and have $1,000,00 in a retirement account. For how many years can they withdraw $5,000 at the beginning of each month for expenses, assuming that the account will continue to earn a 5 percent annual return until it is exhausted? Solve in Excel Sheet
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