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Posted on Jul 30, 2024

Yarianny wants to wichdraw $ 2 5 , 0 0 0 annually starting today for the next 2 0 years and will increase the withdrawls

Yarianny wants to wichdraw $

25, 000

annually starting today for the next

20

years and will increase the withdrawls by

3.5 %

each year. If the annuity can earn

6 %

compounded semiannualy, how much money noeds to be invested in the fund today?

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