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Using Excel: How much money must you invest today in order to withdraw the following monthly payments in retirement, $1,000 per month from Year 1
Using Excel: How much money must you invest today in order to withdraw the following monthly payments in retirement, $1,000 per month from Year 1 through Year 5, $750 per month from Year 6 through 10? Assume you can earn a rate of return of 8.60%
Cash flow and Formula needed:
what It should look like
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