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You have $560,000 saved for retirement. If your account continues to earn 3% interest, how much will you be able to withdraw each month if
You have $560,000 saved for retirement. If your account continues to earn 3% interest, how much will you be able to withdraw each month if you want to take out monthly withdrawals for the next 30 years? Round to the nearest whole dollar. (no commas)
Monthly Withdrawal: $
Using your calculated withdrawal amount, how much money total would you have withdrawn over that 30-year period? Round to the nearest whole dollar. (no commas)
Total money withdrawn: $
How much would be from interest? Round to the nearest whole dollar. (no commas)
Interest: $
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