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When Mr. Wrong retires, he would have $50, 000 in his account which pays interest at 3% compounded monthly. He plans to withdraw $3, 000
When Mr. Wrong retires, he would have $50, 000 in his account which pays interest at 3% compounded monthly. He plans to withdraw $3, 000 every month for his expenses, beginning one month after he retires. What is the maximum number of equal withdrawals that he can make?
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