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You have $300,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want

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You have $300,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years? Question Help: Video 1 Video 2 Message instructor Question 8 Submit Question S You want to be able to withdraw $35,000 each year for 20 years. Your account earns 9% interest. a) How much do you need in your account at the beginning? b) How much total money will you pull out of the account? S c) How much of that money is interest? S 0/3 pts 399 Details Question Help: Video 1 Video 2 Message instructor

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