Find the present value of these cash flows

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Reference no: EM13913246

You have accumulated some money for your retirement. You are going to withdraw $92386 every year at the beginning of the year for the next 16 years starting from today. Your account pays you 4.07 percent per year, compounded annually. How much money have you accumulated for your retirement? To answer this question, you have to find the present value of these cash flows.

Reference no: EM13913246

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