Use interpolation, If you plan to have $4,000,000 when you

Use interpolation

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Reference no: EM131244511

If you plan to have $4,000,000 when you retire, how long will you be able to withdraw $500,000 per year if the account earns interest at a rate of 6% per year? USE INTERPOLATION. Please show all work. DO NOT use charts, excel spreadsheets. please just use interpolation and the P/A, F/A, etc charts (the charts that are used in an introductory econ course)

Reference no: EM131244511

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