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You have accumulated some money for retirement. You are going to withdraw $57,743 every year at the beginning of the year for the next 22
You have accumulated some money for retirement. You are going to withdraw $57,743 every year at the beginning of the year for the next 22 years starting from today. How much money have you accumulated for your retirement? Your account pays you 14.79 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.
Round answer to two decimal places. Thank you.
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