question archive A? woman, with her? employer's matching? program, contributes ?$300 at the end of each month to her retirement? account, which earns 5?% interest, compounded monthly
A? woman, with her? employer's matching? program, contributes ?$300 at the end of each month to her retirement? account, which earns 5?% interest, compounded monthly
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A? woman, with her? employer's matching? program, contributes ?$300 at the end of each month to her retirement? account, which earns 5?% interest, compounded monthly. When she retires after 44 years, she plans to make monthly withdrawals for 33 years. If her account earns 4?% interest, compounded? monthly, then when she? retires, what is her maximum possible monthly withdrawal? (without running out of? money)?
The maximum possible monthly withdrawal is approximately
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