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Please view the following video before answering this question. Video Example 2.15 Click here to access the TVM Factor Table Calculator A small company wishes
Please view the following video before answering this question. Video Example 2.15 Click here to access the TVM Factor Table Calculator A small company wishes to set up a fund that can be used for technology purchases over the next 6 years. Their forecast is for $20,000 to be needed at the end of year 1, decreasing by $2,000 each year thereafter. The fund earns 11% per year. How much money must be deposited to the fund at the end of year O to just deplete the fund after the last withdrawal? $ 67736.87161
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