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How much can you withdraw each year

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Question: Annuity Payments. Find the retirement calculator at www.moneychimp.com to answer the following question: Suppose you have $1,500,000 when you retire and want to withdraw an equal amount each year for the next 30 years. How much can you withdraw each year if you earn 7 percent? What if you can earn 9 percent?

Reference no: EM131728283

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