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A retired couple has 2450000 in a savings account that

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A retired couple has $2,450,000 in a savings account that earns 2.22% interest compounded quarterly. How much money can this couple withdraw at the end of each quarter such that at the end of 30 years, they will still have $295,000 left in the savings account? Use your TVM Solver. Show in detail how you arrived at your answer.

Reference no: EM13628572

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