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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…

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…
asked 163k views
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?

asked
User Sumin
by
8.1k points

1 Answer

4 votes

Answer:

3.336

Explanation:

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

answered
User Drisana
by
8.1k points
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