Question
When she retires, suppose your aunt deposits the total amount of 431,921.01 in a new account...
When she retires, suppose your aunt deposits the total amount of 431,921.01 in a new account earning 5.00 percent annually. If she expects to live another 20 years once she retires, how much can she withdraw each month to end up with a zero balance in the account upon her death? Assume she receives the withdrawal at the end of each month
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