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Your aunt has $3,175,000 and wants to retire. She expects to live for another 25 years and to earn 4.25% annually on her invested funds.

Your aunt has $3,175,000 and wants to retire. She expects to live for another 25 years and to earn 4.25% annually on her invested funds. How much could she withdraw quarterly for the next 25 years and end up with zero in the account?

N = I/YR = PV = PMT = FV =

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