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You have accumulated some money for your retirement. You are going to withdraw $45,500 every year at the end of the year for the next

You have accumulated some money for your retirement. You are going to withdraw $45,500 every year at the end of the year for the next 20 years. How much money have you accumulated for your retirement? Your account pays you 7.5% 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. All work must be shown.

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