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Please help me figure out which formula to use. Money has accumulated for retirement. $45,500 will be withdrawn every year at the end of the
Please help me figure out which formula to use.
Money has accumulated for retirement. $45,500 will be withdrawn every year at the end of the year for the next 20 years. How much money has accumulated in the retirement? The account pays 7.5% percent per year compounded annually. The present value has to be found for the cash flows.
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