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Posted on Sep 10, 2024

Your Great - Uncle has been withdrawing P 1 , 0 0 0 , 0 0 0 each year for 3 5 yearsnow from a

Your Great

-

Uncle has been withdrawing P

1, 000, 000

each year for

35

yearsnow from a government retirement fund. Had he invested

25 %

of each yearsamount in stocks that provide a net annual

16 %

rate of return for the past

35

years, how much would he have in value today? ANS:

62, 303, 506

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