You are retired have 264500 in your savings withdraw 2000, Financial Management

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You are retired have 264500 in your savings withdraw 2000

Question

You are retired, have 264,500 in your savings, withdraw 2000 each month, and earn 4.5 percent, compounded monthly. How long will it be until you run out of money?

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Financial Management: You are retired have 264500 in your savings withdraw 2000

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Financial Management: You are retired have 264500 in your savings withdraw 2000

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