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In 12 years (beginning of year 120, you would like to have enough money saved to withdraw dollar 10,000 per year over the next six
In 12 years (beginning of year 120, you would like to have enough money saved to withdraw dollar 10,000 per year over the next six years, starting at the end of the year. Assume a 9 percentage nominal interest rate, compounding daily. How much money must be invested now? dollar 16, 458 dollar 25, 814 dollar 14, 622 dollar 16, 609
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