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Deferred Annuities: How much must you invest on January 1, 2014 in order to withdraw $10,000 each January 1 in years 2020 through January 1

Deferred Annuities: How much must you invest on January 1, 2014 in order to withdraw $10,000 each January 1 in years 2020 through January 1 2025 assuming an 8% interest rate?

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