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You want to retire in 35 years and withdraw $500,000 per year for 30 years after retiring and expect to earn 6% after retirement. You
You want to retire in 35 years and withdraw $500,000 per year for 30 years after retiring and expect to earn 6% after retirement. You currently have $250,000 saved in your account and plan to deposit $1,500 per month until you retire. What annual interest rate will you have to earn until retiring to reach your goal?
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