You have accumulated some money for your retirement

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You have accumulated some money for your retirement. You are going to withdraw $87,479 every year at the end of the year for the next 20 years. How much money have you accumulated for your retirement? Your account pays you 3.55 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows

Reference no: EM131010429

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You have accumulated some money for your retirement : You have accumulated some money for your retirement. You are going to withdraw $87,479 every year at the end of the year for the next 20 years. How much money have you accumulated for your retirement? Your account pays you 3.55 percent per year, comp..

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