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You recently received inheritance.Woo hoo!!You decided to invest it in hopes of retiring in 30 years without making any more contributions to your savings.If you
You recently received inheritance.Woo hoo!!You decided to invest it in hopes of retiring in 30 years without making any more contributions to your savings.If you invest your money in an account that pays 10% interest compounded annually and you plan on withdrawing $150,000 at the beginning of each year of retirement for 20 years of retirement, approximately how much money did you inherit?
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