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Find the present value PV of the annuity necessary to fund the withdrawal given. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals.
Find the present value PV of the annuity necessary to fund the withdrawal given. (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $900 per month for 15 years, if the annuity earns 6% per year
PV =
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