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JW needs to be able to withdraw $10,000 at the end of each year to take an amazing vacation for the holidays. He would like

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JW needs to be able to withdraw $10,000 at the end of each year to take an amazing vacation for the holidays. He would like to withdraw this amount starting 1 year from today for each of the next 20 years! He can earn 10% paid annually. How much will he need to invest today, so that he can withdraw $10,000 each year for the next 20 years? 0.1490 8.5140 Present Value of 1 (i=10%, n=20) Present Value of an ordinary annuity (i-10%, n=20) Future Value of 1 (i-10%, n=20) Future Value of an ordinary annuity (i-10%, n-20) 6.7275 57.2750

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