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Today, you are retiring. You have a total of R411 016 in retirement savings, an...
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Today, you are retiring. You have a total of R411 016 in retirement savings, and have the funds invested such that you expect to earn an average of 7,10% interest compounded monthly on this money, throughout your retirement years. You want to withdraw R2 500 at the beginning of every month, starting today. How long will it be until you run out of money?
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