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You have $500,000 saved for retirement. Your account earns 9% interest. How much will you be able to pull out each month, if you want

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You have $500,000 saved for retirement. Your account earns 9% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 25 years? You want to be able to withdraw $20,000 each year for 20 years. Your account earns 59 a) How much do you need in your account at the beginning? $ b) How much total money will you pull out of the account? $ c) How much of that money is interest? $

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