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You have accumulated $1,081,123 for your retirement. How much money can you withdraw for the next 17 years in equal annual end-of-the-year cash flows if
You have accumulated $1,081,123 for your retirement. How much money can you withdraw for the next 17 years in equal annual end-of-the-year cash flows if you invest the money at a rate of 6.40 percent per year, compounded annually?
Round two decimal places.
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