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# You have accumulated \$1,239,200 for your retirement.

help plunging this into excel. You have accumulated \$1,239,200 for your retirement. How much money can you withdraw for the next 20 years in equal annual end-of-the-year cash flows if you invest the money at a rate of 15.87 percent per year, compounded annually?

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Money you can withdraw for the next 20... View the full answer

Time Value of Money: It explains that the money available at present is worth more than the same amount in... View the full answer

Annually \$207568.97 could be withdrawn from the... View the full answer

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