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How long can krystal expect to make withdrawals

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Question - Krystal estimated that she will have $500,000 in her savings account when she retires. Suppose that Krystal has estimated that she would need $20,000 per year to live comfortably during her retirement. How long can Krystal expect to make withdrawals during retirement before she will have depleted her account if she is earning 3.5% annually?

Reference no: EM133116159

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