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You have accumulated some money for tour retirement

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You have accumulated some money for tour retirement. You are going to withdraw $90,600 every year at the beginning of the year for the next 29 years starting from today. How much money have you accumulated for your retirement? your account pays you 16.16 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows?

Round the answer to two decimal places.

Reference no: EM132376548

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