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You recently received an inheritance of $2,000,000, after taxes. You decide to set aside all of that money in a retirement account that pays 5%
You recently received an inheritance of $2,000,000, after taxes. You decide to set aside all of that money in a retirement account that pays 5% interest and you plan on making year-end contributions of $15,000 for the next 30 years until you reach retirement age. How much should you be able to withdraw at the end of each of your 20 retirement years? $240,454 $482,023 $613,639 $773,576
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