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You plan to retire in 15 years. At the point of retirement, you want to be able to withdraw 21689 at the end of each year forever. Assume that you earn a 10.49% rate of return prior to retirement and an 5.92% rate of return after retirement. If you do not want to make any further contributions to your retirement fund, how much do you need today? Round answer to the nearest dollar.

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Financial Management, Finance

Category:- Financial Management
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