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Equilibrium value of the retirement investment portfolio

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Reference no: EM132641791

Suppose a person has a retirement investment portfolio that consistently earns 8.6% annually. In retirement they are drawing $55,000 each year from this account. Calculate the equilibrium value of the retirement investment portfolio.

Enter your answer rounded to the nearest $1000 (do not include the $ sign).

Reference no: EM132641791

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