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Posted on Jul 28, 2024

supppose you accumulate $ 5 0 0 0 0 0 perhaps from many years of saving. you put the money in a saving plan earning

supppose you accumulate $

500000

perhaps from many years of saving. you put the money in a saving plan earning

6 %

compounded monthly. if you want the plan to last

40

years how much can you withdraw at the beginning of each month?

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