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You retire on your 68th birthday, with a retirement fund of $1,200,000. You plan to take quarterly payments out of this fund, starting three months
You retire on your 68th birthday, with a retirement fund of $1,200,000. You plan to take quarterly payments out of this fund, starting three months after your 68th birthday. What is the maximum payment you can take out, if you want the last payment to be on your hundredth birthday and the money is invested at j4 = 8%?
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