You have to find the present value of these cash flows

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Reference no: EM131813029

You have accumulated some money for your retirement. You are going to withdraw $75,751 every year at the end of the year for the next 24 years. How much money have you accumulated for your retirement? Your account pays you 17.86 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.

Reference no: EM131813029

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