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Posted on Sep 22, 2024

You want to be able to withdraw $ 3 0 , 0 0 0 each year for 2 5 years. Your account earns 9 %

You want to be able to withdraw $

30, 000

each year for

25

years. Your account earns

9 %

interest. How much money do you need in your account at the beginning? How much total money will you pull out of your account? How much of that money is interest?

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