You have accumulated $1,793,836 for your retirement. How much money can you withdraw for the next 14 years in equal annual end of year cash flows if you invest the money at a rate of 9.90 percent per year, compounded annually? Round the answer to two decimal places

You have accumulated $1,793,836 for your retirement. How much money can you withdraw for the next 14 years in equal annual end of year cash flows if you invest the money at a rate of 9.90 percent per year, compounded annually? Round the answer to two decimal places

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 3CE

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