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How much do you have to deposit today so that beginning 1 0 years from now you can withdraw $ 1 3 comma 0 0
How much do you have to deposit today so that beginning years from now you can withdraw $ comma a year for the next yearsperiods through plus an additional amount of $ comma in that last yearperiod Assume an interest rate of percent. Answer subparts ad below; these break the problem down into smaller parts.
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Part
a What is the value of the $ comma withdrawals in years through at the end of year if the annual interest rate is percent
$
Round to the nearest cent.
b What is the present value today of the year $ comma annuity at the end of year found in part a if the annual interest rate is percent
$
Round to the nearest cent.
c What is the present value of the amount of $ comma withdrawal in year if the annual discount rate is percent
$
Round to the nearest cent.
d How much do you have to deposit today so that beginning years from now you can withdraw $ comma a year for the next yearsperiods through plus an additional amount of $ comma in that last yearperiod
$
Round to the nearest cent.
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