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You have $50,000 in your retirement fund that is earning 5.5 percent per year, compounded quarterly. ( please do not put $ sign into your

You have $50,000 in your retirement fund that is earning 5.5 percent per year, compounded quarterly. ( please do not put $ sign into your solution) How many dollars in withdrawals per month would reduce this nest egg to zero in 20 years? ___________ How many dollars per month can you withdraw for as long as you live and still leave this nest egg intact? ___________

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