Question: Suppose you plan to save $ 1 5 , 0 0 0 per year for the 4 0 years you are working. How much can

Suppose you plan to save $15,000 per year for the 40 years you are working. How much can you withdraw in equal amounts each year for the 30 years you are retired? Assume that the interest rate is 8%, you begin saving in one year, and you make your first withdrawal one year after you retire (year 41).
Suppose you plan to save $15,000 per year for the 40

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