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You are ready to retire. A glance at your 401(k) statement indicates that you have $2,000,000. If the funds remain in an account earning 6.5%

You are ready to retire. A glance at your 401(k) statement indicates that you have

$2,000,000. If the funds remain in an account earning 6.5% annually, how much could

you withdraw at the end of each year for the next 20 years? Round to two decimal places.

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