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Your parents plan on retiring in 3 0 years. In their retirement, they plan to withdraw a constant amount of money at the end of
Your parents plan on retiring in years. In their retirement, they plan to withdraw a constant amount of money at the end of every year and do that forever. Assume that the annual interest rate is that they have $ saved today, and that they dont plan on saving any more money. How much money will they be able to withdraw every year during their retirement? Answer in dollars with decimals.
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