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In planning for your education, you decide that you will need to withdraw $1000 each quarter from your account for the next 4 years. The
In planning for your education, you decide that you will need to withdraw $1000 each quarter from your account for the next 4 years. The first withdrawal will be made 3 months from today. If the bank rate you earn is 0.75% per quarter, how much money do you need to deposit today into your account?
Please help me solve this using the fx-9750GB Calculator. i.e. n = ? , I = ? , PV = ?, etc.
Thanks!
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