3 Suppose you begin your career on your 23rd birthday You

Last updated: 2/20/2023

3 Suppose you begin your career on your 23rd birthday You start a retirement account in which you deposit 200 dollars every month until you retire on your 55th birthday Upon your retirement you begin making monthly withdrawals from this retirement account If you want the retirement fund to last until your 90th birthday determine the size of the largest withdrawal that can be made from the account each month during your retirement Assume the retirement account earns 7 5 interest compounded monthly