Solution-Find the present value of cash flows

Find the present value of cash flows

Reference no: EM132494947

You have accumulated some money for your retirement. You are going to withdraw $59,452 every year at the end of the year for the next 16 years. How much money have you accumulated for your retirement? Your account pays you 7.01 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.

Reference no: EM132494947

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Find the present value of cash flows

Reference no: EM132494947

Reference no: EM132494947

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