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Candice Monroe wants to create a fund today that will enable her to withdraw $28,800 per year for 7 years, with the first withdrawal to
Candice Monroe wants to create a fund today that will enable her to withdraw $28,800 per year for 7 years, with the first withdrawal to take place 5 years from today. Click here to view factor tables If the fund earns 9% interest, how much must Candice invest today? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) Investment amount $ Alan Quincy wants to withdraw $30,000 each year for 8 years from a fund that earns 4% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 458,581.) First withdrawal at year-end $ First withdrawal immediately $
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