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Can you help me figure out the solution of the problem below. Thank you You have accumulated some money for your retirement. You are going
Can you help me figure out the solution of the problem below. Thank you
You have accumulated some money for your retirement. You are going to withdraw $79,310 every year at the end of the year for the next 24 years. How much money have you accumulated for your retirement? Your account pays you 6.11 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.
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