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Find the present value of these cash flows

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Reference no: EM131460280

You have accumulated some money for your retirement. You were going to draw $99,259 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 11.45 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.

Reference no: EM131460280

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