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Posted on Sep 03, 2024

You want to be able to withdrawl 4 0 , 0 0 0 each year for 3 0 years. Your account earns 1 0 %

You want to be able to withdrawl

40, 000

each year for

30

years. Your account earns

10 %

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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