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How much do you have to deposit today so that you can withdraw $50,000 a year at the end of years 5 through 9, and

How much do you have to deposit today so that you can withdraw $50,000 a year at the end of years 5 through 9, and $25,000 at the end of year 10? Assume that you can earn an annual rate of 8 percent.

a) $170,983 d) $158,318

b) $146,591 e) $159,243

c) $146,737

How to impute in financial calculator?

N

PV

FV

PMT

I/YR

P/YR

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