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When you retire, you will transfer your investment accounts (totaling $1,600,000) into a combined retirement account that earns 6.5 percent. Your plan is to withdraw

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When you retire, you will transfer your investment accounts (totaling $1,600,000) into a combined retirement account that earns 6.5 percent. Your plan is to withdraw an equal amount from your combined account at the end of each year for the next 20 years and then have nothing left. How much can you withdraw each year in your retirement? Round your answer to the nearest dollar and do NOT enter a dollar sign. Your

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