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(Compiex present value) How much do you have to deposit today so that beginning 12 years fromi now you onn withdraw 512.000 a year for

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(Compiex present value) How much do you have to deposit today so that beginning 12 years fromi now you onn withdraw 512.000 a year for the next 7 years (periods 12. through 18) plus an additional amount of $24,000 in that last yoar (poriod 18)? Assume an interest rate of 8 percent. a. What is the value of the $12.000 withdrawals in years 12 through 18 at the end of yoar 11 if the annual intereot tate is 9 percent? (Round to the nearest cant) b. What is the present value today of the 7 -yoar $12,000 annuly at the end of year 11 (fourd in part a) if the annual interest rade is 9 percent? (Round to the nearest cent.) c. What is the present value of the amount of $24,000 withdrawal in year 18 if the annual discount rate is 9 percent? (Round to the nearest cent.) d. How much do you have to deposit today so that beginning 12 yoars from now you can withdraw $12,000 a yoar for the next 7 years (penods 12 through 18) pius an additional amount of $24,000 in that last year (period 18 )? (Round to the nearest cent.)

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