Question: (The first example has an extra -1 at the end of the formula when we first plug in the numbers. The -1 dissappears in the

(The first example has an extra -1 at the end of the formula when we first plug in the numbers. The -1 dissappears in the second step, and the answer is correct.) You start with $350,000 in a retirement account that earns 4.8% annual interest. You want the savings to last 20 years. Howmuch monmey can you withdraw each month? Round you answer to the nearest whole dollar amount. Suppose that you instead want to withdraw $3000 per month. How long will your savings last? Round you answer up to the next whole number of months.

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