Your grandparents have their life savings of $750,000 in a savings account that pays 6.7% interest compounded yearly. Th

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answerhappygod
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Your grandparents have their life savings of $750,000 in a savings account that pays 6.7% interest compounded yearly. Th

Post by answerhappygod »

Your grandparents have their life savings of $750,000 in a
savings account that pays 6.7% interest compounded yearly. They
want to spend all of it before they die. If they plan to live 15
more years, how much should they withdraw at the end of each year
to accomplish their goal?
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