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you have accumulated $1,000,000, you plan to deplete the $1,000,000 by taking out or withdrawing an equal amount in the next twenty-five years. If
you have accumulated $1,000,000, you plan to deplete the $1,000,000 by taking out or withdrawing an equal amount in the next twenty-five years. If the interest rate stays at 8%, what is your annual withdrawal in equal amount?
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To calculate the annual withdrawal amount that would deplete 1000000 over ...
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Financial Accounting and Reporting a Global Perspective
Authors: Michel Lebas, Herve Stolowy, Yuan Ding
4th edition
978-1408066621, 1408066629, 1408076861, 978-1408076866
