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You need to withdraw money for the next three years, and you want each withdrawal to have $25,000 worth of purchasing power measured in the
You need to withdraw money for the next three years, and you want each withdrawal to have $25,000 worth of purchasing power measured in the current US Dollar.
What is the present value summation of these three cash flows if the nominal discount rate is 10% and the inflation rate is 4% per year?
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