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OpenStudy (anonymous):
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.) $300 per month for 20 years, if the annuity earns 2% per year and if there is to be $10,000 left in the annuity at the end of the 20 years
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