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What exact amount will charles need in seventeen? years

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Problem 1: Charles wants to retire in 17 years. At that time he wants to be able to withdraw? $22,000 at the end of each year for 16 years. Assume that money can be deposited at 8?% per year compounded annually. What exact amount will Charles need in 17? years? Round to the nearest cent

Reference no: EM132859259

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