Advances in science and technology

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You are a firm believer that advances in science and technology will allow you to live forever. The possibility of living forever changes your retirement planning considerably. If you intend to have $4,000,000 invested for retirement and you can earn 5.00% per year on your investment indefinitely, how much can you withdraw each year if you want the money to last forever?

Round your answer to the nearest whole dollar. 

Reference no: EM131998348

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