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Find the present value of cash flows

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Reference no: EM132012207

You have accumulated some money for your retirement. You are going to withdraw $88,968 every year at the end of the year for the next 27 years. How much money have you accumulated for your retirement? Your account pays you 7.32 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.

Round the answer to two decimal places. Please assist.

Reference no: EM132012207

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