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Charles wants to retire in 17 years. At that time he wants to be able to withdraw $22,000 at the end of each year for

Charles wants to retire in 17 years. At that time he wants to be able to withdraw $22,000 at the end of each year for 16 years. Assume that money can be deposited at 10% per year compounded annually. What exact amount will Charles need in 17 years? Use the accompanying present value table.

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