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You are ready to retire. A glance at your 401(k) statement indicates that you have $1,500,000. 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 $1,500,000. If the funds remain in an account earning 6.5%, 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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