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Your friend wants to retire and has $375,000. She expects to live for another 25 years, and she also expects to earn 7.5% semiannually on
Your friend wants to retire and has $375,000. She expects to live for another 25 years, and she also expects to earn 7.5% semiannually on her invested funds. How much could she withdraw at the beginning of each of the next 25 years and end up with zero in the account?
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