What amount should joe invest today so he can withdraw

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Reference no: EM131961210

Joe Wood Decided to reetire in 5 years in Arizona. What amount should Joe invest today so he can withdraw $80,000 at the end of each year for 30 years after he retires?

Assume Joe can invest money at 3% compounded annually. Please do it in excel format with forumla view.

Reference no: EM131961210

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