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How much will she be able to withdraw each month

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Question - Olivia will have $400,000 set aside for retirement in an IRA that earns an APR of 5.4%. How much will she be able to withdraw each month during retirement if she plans on the account lasting for 25 years? Please round your answer to the nearest scent and show me your steps so I can better understand how to solve this problem.

Reference no: EM133022916

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