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Alright, weve finally got everything. We know how much well be taking out each year (31,500); we know how many years well be making this
Alright, weve finally got everything. We know how much well be taking out each year (31,500); we know how many years well be making this withdrawal (22); we know our real rate of return (3.92%). Lets assume we make these withdrawals at the start of each year.
Whats the value of this stream of withdrawals on the day we retire?
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