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Your aunt has $ 2 , 2 2 5 , 0 0 0 and wants to retire. She expects to live for another 2 0

Your aunt has $

2, 225, 000

and wants to retire. She expects to live for another

20

years and to earn

4.8 %

annually on her invested funds. How much could she withdraw monthly for the next

20

years and end up with zero in the account?

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