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You are a firm believer that advances in science and technology will allow you to live forever. The possibility of living forever changes your retirement planning considerably. If you intend to have $4,000,000 invested for retirement and you can earn 5.00% per year on your investment indefinitely, how much can you withdraw each year if you want the money to last forever?

Round your answer to the nearest whole dollar.

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Financial Management, Finance

Category:- Financial Management
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