How much money have you accumulated for your retirement

Reference no: EM131931922

Question: You have accumulated some money for your retirement. You are going to withdraw $74,959 every year at the beginning of the year for the next 16 years starting from today.

How much money have you accumulated for your retirement? Your account pays you 13.41 percent per year, compound annually. To answer this question you have to find the present valve of these cash flows.

Reference no: EM131931922

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