Clarence has a retirement fund of $ 3 0 0 , 0 0 0 that earns 1

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Question:

Clarence has a retirement fund of $

300, 000

that earns

11 %

compounded quarterly. His plan is to withdraw $

3, 000

at the end of every month for

12

years and then increase the monthly withdrawals to $

5, 000 .

How many $

5, 000

withdrawals will he be able to make?

0 51

30 43

5648

Posted Date: May 18, 2024 07:09 PM

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Clarence has a retirement fund of $ 3 0 0 , 0 0 0 that earns 1

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