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Your father has 500,000 and wants to retire he expects to live for another 20 years and to be able to earn 8% on his invested funds.

Your father has 500,000 and wants to retire he expects to live for another 20 years and to be able to earn 8% on his invested funds. How much could he withdraw at the end of each of the next 20 years and end up[ with zero in the account?

This question was asked on May 10, 2010.

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