You have accumulated some money for your retirement how, Financial Management

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You have accumulated some money for your retirement how

You have accumulated some money for your retirement. You are going to withdraw 86.114 every year at the beginning of the year for the next 28 years starting from today. How much money have you accumulated for your retirement? Your account pays you 15.75 percent per year, compounded annually. To answer this question you have to find the present value of these cash flows.

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