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How much can she expect to withdraw in equal

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Question - Melissa has accumulated $600,000 in savings to be used for her 15-year planned retirement. Melissa believes her savings will continue to earn 8% rate of return, compounding fortnightly, over her retirement years. Assuming Melissa will use the entirety of her personal savings to fund her retirement, how much can she expect to withdraw in equal beginning of fortnight amounts during her 15-year retirement?

Reference no: EM133118533

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