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# compound interest math problem?

Steven has a retirement portfolio valued at $260 000 that earns 6.24% interest compounded monthly. How much money can Steven withdraw each month without affecting the original investment?

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- ted sLv 74 months ago
WOW , monthly ??.....then 260,000 x 0.0624 dollars...better than 16 K...of course you meant 6.24 % / yr...so then 260,000 x 0.0624/12 ...$1352

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