Question:

You have $300,000 saved for retirement. Your account earns

Last updated: 7/6/2022

You have $300,000 saved for retirement. Your account earns

You have $300,000 saved for retirement. Your account earns 3% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years? Round your answer to the nearest dollar.