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Find the present value of cash flows

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You have accumulated some money for your retirement. You are going to withdraw $63,260 every year at the end of the year for the next 19 years. How much money have you accumulated for your retirement? Your account pays you 19.83 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. All the work has to be shown!

Reference no: EM132540392

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