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Your account pays you 1414 percent per year compounded

You have accumulated some money for your retirement. You are going to withdraw $55,422 every year at the end of the year for the next 17 years. How much money have you accumulated for your retirement? Your account pays you 14.14 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.?

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Finance Basics: Your account pays you 1414 percent per year compounded

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