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Question 29 3 pts Check for multiple parts to this problem: Randall plans to retire in 20 years. He plans to stay in retirement for
Question 29 3 pts Check for multiple parts to this problem: Randall plans to retire in 20 years. He plans to stay in retirement for 10 years, i.e. he will receive 10 cash withdrawals (each withdrawal of equal amount) at the beginning of each year during retirement with the first cash withdrawal at time t=20. He requires that during each year of retirement the cash withdrawals are equivalent to the purchasing power of $50,000 today. If inflation is 2%, and Randalll's required rate of return is 7%. Find the following parameters. (Round your answers to two decimal places. No commas or $ in answers.) a. Enter the First Cash Withdrawal at t=20 in the box below
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