Find the present value of the given cash flows

Reference no: EM131931954

Question: You have accumulated some money for your retirement. You are going to withdraw $61,746 every year at the end of the year for the next 28 years. How much money have you accumulated for your retirement? Your account pays you 11.89 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.

Reference no: EM131931954

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