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What could you withdraw in terms of a monthly perpetuity

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Suppose that you are 21 years old, and making retirement plans. You are starting to contribute $450 per month to your retirement account at the beginning of each month. You intend to do so until the age of sixty five and then stop the contributions. You will retire at age 67. You receive a 6.5% APR compounded monthly on your account. What could you withdraw in terms of a monthly perpetuity?

Reference no: EM133120100

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