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You plan to retire in 16 years. At the point of retirement, you want to be able to withdraw $26,105 at the end of each

You plan to retire in 16 years. At the point of retirement, you want to be able to withdraw $26,105 at the end of each year forever. Assume that you earn a 10.22% rate of return prior to retirement and an 6.93% rate of return after retirement. If you do not want to make any further contributions to your retirement fund, how much do you need today?

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