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Bud Lime has $368,882 accumulated in a retirement account. The fund is earning a low, but safe, 3% per year. Bud Lime plans to take annual...
Bud Lime has $368,882 accumulated in a retirement account. The fund is earning a low, but safe, 3% per year. Bud Lime plans to take annual withdrawals starting today. Assuming each withdrawal is for $30,000; how many annual payments will Bud Lime receive before the fund is depleted?