Mary wants to withdraw $100,000 a year for 20 years from her IRA account. She expects to

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Mary wants to withdraw $100,000 a year for 20 years from her

IRA account. She expects to retire with $1,000,000 in her IRA

account. About what interest rate must she earn on the IRA

account? Explain

Related Book For answer-question

Macroeconomics Principles Applications And Tools

ISBN: 9780134089034

7th Edition

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

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Posted Date: Feb 22, 2024 04:45 AM

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Mary wants to withdraw $100,000 a year for 20 years from her IRA account. She expects to

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Macroeconomics Principles Applications And Tools

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