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To withdraw $70,000 every year for 5 years with 9%, how much do you need to invest now? -- This is a present value annuity

To withdraw $70,000 every year for 5 years with 9%, how much do you need to invest now? -- This is a present value annuity question from ch 5 because it needs to be withdrawn $70,000 every year for 5 years. -- PV = 70,000 * (1-1/(1+9%)^5)/9%.

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