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How much do you have to deposit today in order to allow 8 annual withdrawals, beginning at the end of year 12, with a first
How much do you have to deposit today in order to allow 8 annual withdrawals, beginning at the end of year 12, with a first withdrawal of $1661 and with subsequent withdrawals decreasing at the rate of 2% over the previous year's withdrawal? Assume an interest rate of 9% compounded annually. Enter your answer as: 1234 Round your answer. Do not use a dollar sign ("$"), any commas (", ") or a decimal point ("."). What is the amount of six equal annual deposits that can provide ten annual withdrawals, where a first withdrawal of $12275 is made at the end of year seven and subsequent withdrawals increase at $2145 over the previous year, at an interest rate of 5% compounded annually? Enter your answer as: 1234 Round your answer. Do not use a dollar sign ("$"), any commas (", ") or a decimal point (".") The A2X company has made it a financial goal to buy its own building in 9 years. A2X estimates it will need $98555 for a down payment. The local bank pays 6%, compounded annually. How much should the company invest in the bank today to have its down payment in 9 years? Enter your answer as: 1234 Round your answer. Do not use a dollar sign ("$"), any commas (", ") or a decimal point (".")
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