How large payment can he withdraw each month

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Reference no: EM131969681

A man invests $100 in an annuity at the end of every month for 30 years at 4% compounded monthly. If he now begins to withdraw a payment every month instead of investing, how large a payment can he withdraw each month if he wishes to do this for 30 more years? If he wishes to do this forever?

Reference no: EM131969681

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