Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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Transcribed Image Text:You plan to retire in 3 years with $911,880. You plan to withdraw $X per year for 18 years. The expected return is 18.56 percent per
year and the first regular withdrawal is expected in 3 years. What is X?
Input instructions: Round your answer to the nearest dollar.
99
$
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