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First withdrawal at year-end ordinary annuity i = 8% PV-OA = R = ? $30,000 $30,000 $30,000 $30,000 $30,000 0 1 2 8 9
First withdrawal at year-end ordinary annuity i = 8% PV-OA = R = ? $30,000 $30,000 $30,000 $30,000 $30,000 0 1 2 8 9 10 n = 10 PV-OA = $30,000 (PVF - OA10,8%) PV - OA = $30,000 (6.71008) PV-OA = $201,302
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
11th edition
978-1111530266
