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You have $600,000 saved for retirement. Your account earns 5.5% interest. How much, to the nearest dollar, will you be able to pull out each month, if you want to be able to take withdrawals for 20 years?
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44 votes
44 votes
You have $600,000 saved for retirement. Your account earns 5.5% interest. How much, to the nearest dollar, will you be able to pull out each

month, if you want to be able to take withdrawals for 20 years?

User Reejesh PK
by
3.1k points

1 Answer

16 votes
16 votes

Answer:

maybe 33k?

Explanation:

User Rafael Pizao
by
3.4k points
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