SOLUTION: Uncle Moneybags has $500,000 saved for retirement. He has an account earning 6% interest. If Uncle Moneybags wants to be able to make withdrawals for 15 years, how much can he with
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Question 1209858: Uncle Moneybags has $500,000 saved for retirement. He has an account earning 6% interest. If Uncle Moneybags wants to be able to make withdrawals for 15 years, how much can he withdrawal each month? Round to the nearest cent.
Answer by CPhill(1987) (Show Source): You can put this solution on YOUR website!
Uncle Moneybags can withdraw $4,219.28 each month for 15 years.
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