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Jack and Jill determine that upon retirement, they will need to withdraw $70,000 annually at the end of each year for the next thirty years. They know that they can earn 4% each year on their investment. How much will Jack and Jill need in their retirement account (at the beginning of their retirement) to generate these future cash flows?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91261513

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