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You are planning your retirement. You want to receive thirty annual payments of $55,000 each year, beginning in 20 years. How much would you need
You are planning your retirement. You want to receive thirty annual payments of $55,000 each year, beginning in 20 years. How much would you need to invest today to get this future stream of cash flows if you can invest at an annual interest rate of 6%? (a one-time investment) 757,065.70 236,056.90 166,411.00 250,220.14
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