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Find the present value of cash flows

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Reference no: EM132630538

You have accumulated some money for your retirement. You are going to withdraw $62,749 every year at the end of the year for the next 16 years. How much money have you accumulated for your retirement? Your account pays you 13.92 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.

Reference no: EM132630538

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