Find the present value PV of the annuity necessary to fund the withdrawal given. HINT [See Example 3.] (Assume end-of-pe

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answerhappygod
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Find the present value PV of the annuity necessary to fund the withdrawal given. HINT [See Example 3.] (Assume end-of-pe

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Find the present value PV of the annuity
necessary to fund the withdrawal given. HINT [See Example 3.]
(Assume end-of-period withdrawals and compounding at the same
intervals as withdrawals. Round your answer to the nearest
cent.)
$400 per month for 20 years, if the annuity
earns 5% per year
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