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You want to set up a payout annuity so that you can withdraw $ 16,000 per year for the next 20 years. Assume your account

You want to set up a payout annuity so that you can withdraw $ 16,000 per year for the next 20 years. Assume your account will earn 7% interest. How much do you need in your account at the beginning? Answer: Check FOLYOLORIOSO?A 02 SOS

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