Monthly maximum monthly amount you could withdraw

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Reference no: EM13878797

You would like to retire with $2,129,728 at age 62. If these funds earn a rate of 7%/yr, what is the maximum you can withdrawal each year if you expect to live to 86? If this annual rate is compounded monthly, what would be the monthly maximum monthly amount you could withdraw?

Reference no: EM13878797

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