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You want to be able to withdraw $ 3 0 , 0 0 0 each year for 2 0 years. Your account earns 7 %
You want to be able to withdraw $ each year for years. Your account earns interest.
a How much do you need in your account at the beginning?
b How much total money will you pull out of the account?
c How much of that money is interest?
$
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