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How much money can justine withdraw from her fund

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Question - Justine Beeber is an elderly investor who sets up a life-expectancy adjusted withdrawal plan for her fund investments. Justine agrees with her financial planner that her life expectancy is 85 years of age. She begins the plan at age 70 and all the withdrawals will take place at the beginning of the year. At the end of year 2, the fund has a value of $560,000. How much money can Justine withdraw from her fund in Year 3?

Reference no: EM133166334

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