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06-06-2023
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You have $300,000 saved for retirement. Your account earns 10% interest. How much will you be able to pull out each month if you want to be able to make withdrawals for 25 years?

Present Value:
The value of money will grow when put in a fund that earns interests. The present value is the money at the beginning and the future value is the value of money after considering the total interests received throughout the period.

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