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You have accumulated some money for your retirement. You are going to withdraw $99,832 every year at the beginning of the year for the next
You have accumulated some money for your retirement. You are going to withdraw $99,832 every year at the beginning of the year for the next 27 years. How much money have you accumulated for your retirement? Your account pays 17.27% percent per year compounded annually. To answer the question, you have to find the present value of these cash flows.
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