You have accumulated some money for your retirement
You have accumulated some money for your retirement. You are going
to withdraw $77275 every year at the beginning of the year for the next 16 years, starting today. Your account pays you 12.42 percent per year, compounded annually. How much money have you accumulated for your retirement? To answer this question, you have to find the present value of the cash flows.
Round the answer to two decimal places.