Business, 28.05.2020 01:01 araminaara691

Emelia Vanderpuye retired this morning and has $1.5 million in her retirement account. She expects to live thirty years in retirement and plans to leave $1 million to her children and grandchildren. What is the maximum monthly withdrawal she can make from her retirement account if she expects to earn 6 percent per year on the account? The first withdrawal will take place one month from today.

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Emelia Vanderpuye retired this morning and has $1.5 million in her retirement account. She expects t...