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You have accumulated $1,314,004 for your retirement. How much money can you withdraw for the next 19 years in equal annual end-of-the-year cash flows if
You have accumulated $1,314,004 for your retirement. How much money can you withdraw for the next 19 years in equal annual end-of-the-year cash flows if you invest the money at a rate of 11.49 percent per year, compounded annually?
Round the answer totwo decimal places.
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