Question: Currently, Ally Gator has saved $ 1 5 , 0 0 0 in her retirement account. Ally plans on saving $ 6 5 0 0
Currently, Ally Gator has saved $ in her retirement account. Ally plans on saving $ annually for next years and she assumes that she will earn annually up until she retires. Ally is afraid that she will run out of money during her retirement, so she plans on applying the principles of a perpetual annuity to her retirement savings. If Ally plans to earn annually during her retirement years, how much will she be able to withdraw annually forever?
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