Question
6. You wish to deposit a sum of money in the bank today sufficiently large to enable you to withdraw $20,000 per year for 10
6. You wish to deposit a sum of money in the bank today sufficiently large to enable you to withdraw $20,000 per year for 10 years, starting one year from today. You want the balance in the account to be $50,000 immediately after your last withdrawal. If the account pays 12% per year, how much to you need to deposit today?
-Answer in excel with the process in excel
7. You wish to deposit a sum of money in the bank today sufficiently large to enable you to withdraw $20,000 per year for 10 years, starting one year from today. You want the balance in the account to be $50,000 one year after your last withdrawal. If the account pays 12% per year, how much to you need to deposit today?
-Answer in excel with the process in excel
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Accounting Comes Alive The Color Accounting Parable
Authors: Mark Robilliard ,Peter Frampton, Chang Chang, Mark Morrow, John Gorman
1st Edition
1450769608, 978-1450769600
