If Kim wants to withdraw $4,000/month every month for 2 years, how much does she have to deposit into a savings account yielding 12% per year, now.

Instructions: use Compound interests table to solve

-Future value of 1 (future value of a single sum)

-Present value of 1 (present value of a single sum)

-Future value of an ordinary annuity of 1

-Present value of an ordinary annuity of 1

-Present value of an annuity Due of 1