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Posted on Sep 12, 2024

You want to be able to withdraw $ 4 5 , 0 0 0 each year for 2 0 years. Your account earns 7 %

You want to be able to withdraw $

45, 000

each year for

20

years. Your account earns

7 %

interest. How much do you need in your account at the beginning?$

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