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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?
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5 votes
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?

User Sumin
by
4.8k points

1 Answer

4 votes

Answer:

3.336

Explanation:

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

User Drisana
by
4.6k points
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