8. Troy has a retirement account worth $1,250,000. The accountdraws 4.5% compounded monthly.  a. How much can he withdraw each month and not change the balance?  b. If he withdraws $4000 each month, what will be the value of the account in 20 years?  c. How much can he withdraw each month from the $1,250,000 to make the account last 30 years?

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A:

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