You recently received an inheritance of $5,000,000, after taxes. You decide to set aside all...
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You recently received an inheritance of $5,000,000, after taxes. You decide to set aside all of that money in a retirement account that pays 5% interest. You plan on retiring in 30 years, making no further contributions to retirement and you withdrawing $1,500,000 at the end of each year of retirement. How many FULL years of retirement can you finance with your inheritance? 4 years 11 years 14 years 26 years
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