Spencer Gibbs
12/17/2023 · Primary School
You have \( \$ 400,000 \) 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 25 years? Question Help: \( \square \) Video 1 Video 2 Submit Question
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You can withdraw approximately $3,005.43 each month for 25 years.
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