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You have $ 5 0 0 , 0 0 0 saved for retirement. Your account earns 6 % interest. How much will you be able

You have $

500, 000

saved for retirement. Your account earns

6 %

interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for

20

years?

(

Round to the nearest dollar.

)

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