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Question: You have accumulated some money for your retirement. You are going to withdraw $57,103 every year at the beginning of the year for next 18 years starting from today. How much money have you accumulated for your retirement? Your accounts pays you 4.30 percent per year, compounded annually. To answer this question, you have to find the present value of the cash flows.

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Category:- Basic Finance
Reference No.:- M92770601

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