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Requirements 1. How much money must you accumulate by retirement to make your plan work? (Hint. Find the present value of the $240,000 withdrawals.) 2.

Requirements 1. How much money must you accumulate by retirement to make your plan work? (Hint. Find the present value of the $240,000 withdrawals.) 2. How does this amount compare to the total amount you will withdraw hom the investment during retirement? How can these numbers be so different? Present Value of Ordinary Annuily of \$1

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