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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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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 Serafim Suhenky
by
4.2k points

1 Answer

3 votes

Answer:

maybe 33k?

Explanation:

User Nikz
by
4.7k points
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