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How much can you take each quarter to ensure

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You've finally decided to retire at the ripe old age of 50, and due to some fancy investing, you have accumulated $750,000 in mutual funds. Based upon genetics, you're likely to live until you're 80. Since you've taken this class, you think that you can earn an annual rate of 8% on your money (paid to you quarterly). How much can you take each quarter to ensure you don't run out of money until you turn 80?

Reference no: EM132131632

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