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a . The amount a person would need to deposit today to be able to withdraw $ 7 , 0 0 0 each year for

a. The amount a person would need to deposit today to be able to withdraw $7,000 each year for 10 years from an account eaming 5 percent. Round your answer to the nearest whole doliar. Round Present Value of Series of Equal Amounts in intermed late calculations to four decimal places.
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b. A persan is offered a gift of $4,900 now or $8,000 five years from now. If such funds could be expected to earn 4 percent over the next five years, which is th better choice? Round Future value of a Single Amount in intermediate calculations to four decimal places.
C. A person wants to have $1,009 avallable to spend on an overseas trip four years from now. If such funds could be expected to eam 6 percent, how much should be invested in a fump sum to realize the $1,000 when needed? Round your answer to the nearest whole collar. Round Present Value of a Single Amount in intermediate calculations to four decimal places.
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d. A person invests $50,000 in an investment that earns b percent. If $5,648 is withdrawn each year, bow many years will it take for the fund to run out? Round to the nearest whole year, pound Present Value of Series of Equal Amounts in intermediate calculations to four cecimal places.
years
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