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Withdrawal amount. Over the years, Patmore has accumulated $1,000,000 in her employer-sponsored retirement plan. If the amount in her account earns a 6.25 percent rate
Withdrawal amount. Over the years, Patmore has accumulated $1,000,000 in her employer-sponsored retirement plan. If the amount in her account earns a 6.25 percent rate of return over her anticipated 30 years of retirement, how large an amount could be withdrawn from her account each month? (5 points)
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