What is the maximum amount they can withdrawal if interest rates are 3%?

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What is the maximum amount they can withdrawal if interest rates are 3%?

Sam and Sally are both 30 years old, and beginning in exactly 1 year they will save $24,000 per year for 30 consecutive years to support their retirement. When they reach retirement at age 60, they will begin to withdrawal an annuity amount per year to enjoy their retirement years. The withdrawals will start in one year, and continue for 25 consecutive years. What is the maximum amount they can withdrawal if interest rates are 3%?

What is the maximum amount they can withdrawal if interest rates are 3%?

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What is the maximum amount they can withdrawal if interest rates are 3%?

What is the maximum amount they can withdrawal if interest rates are 3%?

What is the maximum amount they can withdrawal if interest rates are 3%?

What is the maximum amount they can withdrawal if interest rates are 3%?

What is the maximum amount they can withdrawal if interest rates are 3%?

What is the maximum amount they can withdrawal if interest rates are 3%?

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