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You plan on depositing $9,000 at the end of each year for 40 years into a retirement account that pays 6% interest.

You plan on depositing $9,000 at the end of each year for 40 years into a retirement account that pays 6% interest. How much could you withdraw annually in equal beginning of year amounts starting at the time you make your last deposit and continuing for a total of 20 years, assuming balances continue to earn 6% until withdrawn?

This question was asked on Mar 16, 2010.

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