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You retire at the age of 41 and expect to live to the age of 73. On the day you retire, you have $195,000 in

You retire at the age of 41 and expect to live to the age of 73. On the day you retire, you have $195,000 in your retirement savings account. Annually, you expect to earn 3.25% during your retirement years. How much can you withdraw from the savings account at the end of each month if you die on the day you spend your last penny?

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