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Suppose you want to withdraw $5,000 a year for the next five years and $8,000 a year for the following five years. You can earn

Suppose you want to withdraw $5,000 a year for the next five years and $8,000 a year for the following five years. You can earn 10.5 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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