Business
Business, 22.02.2020 03:28, anaismami1

You have just retired and reached your objective (see above) of accumulating $3,500,000 in your retirement fund. You expect to live for another thirty years (exactly) and wish to leave $1,000,000 to the Chicago Symphony Orchestra (CSO) when you are gone. What is the most that you could withdraw from this fund at the end of each quarter and still leave the money to the CSO? The fund is expected to return six percent per annum, compounded monthly?

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