Question
ou will deposit $5,000 today. It will grow for 9 years at 12% interest compounded semiannually. You will then withdraw the funds annually over the
ou will deposit $5,000 today. It will grow for 9 years at 12% interest compounded semiannually. You will then withdraw the funds annually over the next 7 years. The annual interest rate is 10%. Your annual withdrawal will be: Use Appendix A and Appendix D. (Round "PV Factor" and "FV Factor" to 3 decimal places.) rev: 07-23-2011
Multiple Choice
a. $6,178
b. $4,186
c.$1,504
d. $2,931
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
