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Present Value of an Annuity Samuel David wants to make 5 equal annual withdrawals of $8,000 from a fund that will earn interest at 10%
Present Value of an Annuity Samuel David wants to make 5 equal annual withdrawals of $8,000 from a fund that will earn interest at 10% compounded annually. Required: How much would Samuel have to invest on: (Click here to access the PV and FV tables to use with this problem.) Round your answers to two decimal places. 1. January 1, 2019, if the first withdrawal is made on January 1, 2020? $ 30,326.29 X 2. January 1, 2019, if the first withdrawal is made on January 1, 2019? $ 33,358.92 $
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