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Business, 18.02.2020 21:59 alechiathomas

Today, you are retiring. You have a total of $413,926 in your retirement savings and have the funds invested such that you expect to earn an average of 3% per year, compounded monthly, on this money throughout your retirement years. You want to withdraw $2,500 at the beginning of every month, starting today.
How long will it be until you run out of money?

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Today, you are retiring. You have a total of $413,926 in your retirement savings and have the funds...

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