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QUESTION
Find the present value PV of the annuity account necessary to fund the withdrawal given. HINT [See Quick Example 3.
Find the present value PV of the annuity account necessary to fund the withdrawal given. HINT [See Quick Example 3.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.)
$100 per month for 15 years, if the account earns 7% per year
PV=$
