Each month to cover the rising costs of health care

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Your aunt and uncle (from 9 above) figure that they will need to increase their monthly withdrawals by .25% each month to cover the rising costs of health care, housing and food. Assuming all of the other facts from the previous situation, what is the maximum amount they can withdraw at the end of their first month and still leave $800,000 to your cousin?

Reference no: EM131013331

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