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Business, 07.12.2020 05:40 moneyyfletcher

Al Vincent has decided to retire to Arizona in 11 years. What amount should Al invest today so that he will be able to withdraw $28,500 at the end of each year for 16 years after he retires? Assume he can invest the money at 6% interest compounded annually.

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Al Vincent has decided to retire to Arizona in 11 years. What amount should Al invest today so that...

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