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You want to be able to withdraw $45,000 each year for 20 years. Your account earns 8% interest. a) How much do you need in
You want to be able to withdraw $45,000 each year for 20 years. Your account earns 8% 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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