Friday, 23 February 2018

Suppose you have $2million in your retirement account. If the account earns 4% annual rate with monthly compounding


Suppose you have $2million in your retirement account. If the account earns 4% annual rate with monthly compounding, how much can you take out each month during your 40 years of retirement? A. approx. $6650 B. approx. $4360 C. approx. $8460 D. approx. $8360 E. approx. $4460

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