Question: You have $ 8 7 5 , 0 0 0 saved in your 4 0 1 K . Your account earns 6 . 5 %

You have $875,000 saved in your 401K. Your account earns 6.5% interest compounded monthly. How much will you be able to withdraw each month, if you want to be able to take withdrawals for the next 25 years?

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