SOLUTION: You have $300,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years?

SOLUTION: You have $300,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years?

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Question 1209859: You have $300,000 saved for retirement. Your account earns 7% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years?

Answer by CPhill(1959) (Show Source): You can put this solution on YOUR website!
You will be able to withdraw approximately $2,696.48 each month for 15 years.

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