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When you retire, you want to be able to take $ 2 , 8 0 0 out of a payout annuity semiannually for your living

When you retire, you want to be able to take $2,800 out of a payout annuity semiannually for your living expenses. You are planning on a 20-year retirement. The payout annuity earns 9.2% annual interest. How much will you need to put in your payout annuity at the beginning of your retirement?

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