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Find the periodic withdrawals PMT for the annuity given. HINT [See Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round
Find the periodic withdrawals PMT for the annuity given. HINT [See Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.) $400,000 at 5%, paid out monthly for 11 years PMT=$_______ I was given the answer 20031.9695 but it is incorrect. I would really appreciate some help on this question seeing as the assignment is due in 2 nd a half hours! Thanks in advance
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