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You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compounded monthly. After you retire,
You are planning your retirement in 15 years. You plan to retire with $3,000,000 and your retirement account earns 4.8% compounded monthly. After you retire, you plan on withdrawing an equal amount each year, for the following 20 years, until you have nothing left. How much can you withdraw each year?
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