Question
Identify if PVA,FAV,PVLS,FVLS,IRR or NPV Make a timeline Charles is planning a trip to Greece for the next 6 years and wants to withdraw $1,000/month
Identify if PVA,FAV,PVLS,FVLS,IRR or NPV
Make a timeline
Charles is planning a trip to Greece for the next 6 years and wants to withdraw $1,000/month from an account to use as money for his expenses. If the account is earning 12.30%, how much needs to be in your account at the start of the trip in order to be able to do this?
How much money will have to be in Charles account at the start of the trip in order for him to achieve this?
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Public Finance
Authors: Harvey S Rosen, Ted Gayer
9th International Edition
0071267883, 9780071267885
