Retirement account, At the beginning of the year for 40

Retirement account

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Reference no: EM13685986

At the beginning of the year for 40 years, you deposit $1000 into your retirement account. The account has 5% interest rate. You want to start taking out yearly uniform withdraws one year after you make your last deposit. You are hoping to do this for 30 years for retirement. What is the largest uniform withdraw you can make each year to have a 30 year retirement be sustained?

Reference no: EM13685986

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