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You have $700,000 in your 401K and plan to withdraw $5000 each month. How many years will the money last, if the interest rate is

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You have $700,000 in your 401K and plan to withdraw $5000 each month. How many years will the money last, if the interest rate is 5.4%? It will last years (round to 1 decimal place) In the above problem, if you can afford to live on $3000 each month instead, how many years will the money last? It will last years (round to 1 decimal place)

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