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Hi is there a formula that goes with this question? Some money has been accumulated for retirement. $56,006 has been withdrawn at the beginning of
Hi is there a formula that goes with this question?
Some money has been accumulated for retirement. $56,006 has been withdrawn at the beginning of of the year for the next 22 years starting today. How much money has been accumulated for retirement? The account pays 7.91 percent per year, compounded annually. The present value of the cash flows is how the answer would be found.
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