SOLUTION: You have $300,000 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 25 years?

SOLUTION: You have $300,000 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 25 years?

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Question 1181528: You have $300,000 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 25 years?
Answer by ikleyn(52832) (Show Source): You can put this solution on YOUR website!
.

It DEPENDS ON the compounding frequency, which you did not provide in your post.

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