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My Notes Ask Your Teacher v Find the present value PV of the annuity account necessary to fund the withdrawal given. HINT [See Quick Example

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My Notes Ask Your Teacher v Find the present value PV of the annuity account necessary to fund the withdrawal given. HINT [See Quick Example 3.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $700 per month for 15 years, if the account earns 7% per year PV = $ 9999.95

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