How much does Rodriguez Alvario would have to deposit today so that beginning 13 years from now,

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How much does Rodriguez Alvario would have to deposit today so that beginning 13 years from now, he can withdraw \($12,000\) a year for the next 6 years (periods 13 through plus an additional amount of \($24,000\) in the last year (period 18)? Assume an interest rate of 5 percent.

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Foundations Of Finance

ISBN: 9781292318738

10th Global Edition

Authors: Arthur Keown, John Martin, J. Petty

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