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Suppose you want to withdraw $ 5 , 0 0 0 a year for the next five years and $ 8 , 0 0 0
Suppose you want to withdraw $ a year for the next five years and $ a year for the
following five years. You can earn percent. How much do you have to invest today? Explain
to your peers, step by step how you will calculate present value of these two annuities.
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