You have $500,000 saved for retirement. Your account earns 4% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years?

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Bogertron asked May 4, 2022

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You have $500,000 saved for retirement. Your account earns 4% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years?

Mathematics
college

Bogertron asked May 4, 2022

by Bogertron

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21 votes

Answer:

3.336

Explanation:

I am 15% I think I did the wrong calculation.

The Kraken answered May 9, 2022

by The Kraken

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