Equal annual end-of-the-year cash flows

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You have accumulated $508,139 for your retirement. How much money can you withdraw for the next 26 years in equal annual end-of-the-year cash flows if you invest the money at a rate of 17.71 percent per year, compounded annually?

Reference no: EM131321596

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Equal annual end-of-the-year cash flows : You have accumulated $508,139 for your retirement. How much money can you withdraw for the next 26 years in equal annual end-of-the-year cash flows if you invest the money at a rate of 17.71 percent per year, compounded annually?

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