Anita smith is retiring today with 1279450 in her, Finance Basics

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Anita smith is retiring today with 1279450 in her

Question: Anita Smith is retiring today with $1,279,450 in her retirement account. She expects to live 30 years in retirement, and plans to leave $1,000,000 to her grandchildren. Calculate the maximum monthly withdrawal Anita can make from her retirement account to achieve her goal if she earns interest of 6 percent per year on her account.

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Finance Basics: Anita smith is retiring today with 1279450 in her

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Finance Basics: Anita smith is retiring today with 1279450 in her

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