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Business, 21.02.2020 17:10 luhmama

You want to retire on the day you have $750,000 in your savings account. You expect to earn 7 percent, compounded monthly, on your money during your retirement. Your plan is to withdraw $6,000 a month as retirement income from this account. How many months can you be retired until you run out of money?

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You want to retire on the day you have $750,000 in your savings account. You expect to earn 7 percen...
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