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You have $413,313 in a your 401(k) retirement account earning 4.9 percent per year. You are retiring now and have a life expectancy of
You have $413,313 in a your 401(k) retirement account earning 4.9 percent per year. You are retiring now and have a life expectancy of 10 years. You plan to make equal yearly withdrawals from your account and completely deplete it because "you can't take it with you." How much are your withdrawals? Answer to the nearest cent, xxx.xx and enter without the dollar sign.
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
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