John Stamos will have $1,000,000 in his investment account on the day he retires.
Stamos would like to be able to make a series of equal quarterly withdrawals from the
account for 20 years beginning 3 months after he retires.Assuming the investment
account will earn 10% determine the amount of each quarterly withdrawal.

Question

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The Answer of John Stamos will have $1,000,000 in his investment account on the day he retires.
Stamos would like to be able to make a series of equal quarterly withdrawals from the
account for 20 years beginning 3 months after he retires.Assuming the investment
account will earn 10% determine the amount of each quarterly withdrawal.

John Stamos Will Have $1,000,000 in His Investment Account on the Day