Question
Find the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as
Find the periodic withdrawals PMT for the given annuity account. HINT [See Quick Example 4.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.)
$45,000 at 4%, paid out quarterly for 12 years
PMT = $
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Investment Science
Authors: David G. Luenberger
2nd Edition
0199740089, 978-0199740086
