{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-09T14:19:10-04:00", "answer_date": "2024-06-09 14:19:10", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "2517127", "url": "\/study-help\/questions\/question-2-2-0-pts-suppose-someone-wants-2517127", "question_creation_date_js": "2024-06-09T14:19:10-04:00", "question_creation_date": "Jun 09, 2024 02:19 PM", "meta_title": "[Solved] Question 2 ( 2 0 pts ) Suppose someone wa | SolutionInn", "meta_description": "Answer of - Question 2 ( 2 0 pts ) Suppose someone wants to create a fund for future withdrawals, which would begin with a withdra | SolutionInn", "meta_keywords": "question,2,pts,create,fund,future,withdrawals,withdrawal,$,end,year,1", "question_title_h1": "Question 2 ( 2 0 pts ) Suppose someone wants to create a fund for future withdrawals, which would begin with a withdrawal of $", "question_title": "Question 2 ( 2 0 pts ) Suppose someone wants to create", "question_title_for_js_snippet": "Question 2 ( 2 0 pts ) Suppose someone wants to create a fund for future withdrawals, which would begin with a withdrawal of $ 2 2 , 0 0 0 at the end of year 1 6 The withdrawals would continue for five years, with each subsequent year's withdrawal increasing by 9 compared to the previous year To create this fund, the person plans to make 1 5 equal annual deposits, with an interest rate of 8 4 per year compounded annually What would be the amount of these equal annual deposits that would be required to create the desired fund for withdrawals ", "question_description": "\"image
Question <\/span>2<\/mn><\/mtext>(<\/mi>2<\/mn>0<\/mn><\/mrow><\/math> pts<\/span>)<\/mi><\/mrow><\/math> <\/div>
Suppose someone wants to create a fund for future withdrawals, which would begin with a withdrawal of $<\/span>2<\/mn>2<\/mn>,<\/mo>0<\/mn>0<\/mn>0<\/mn><\/mrow><\/math> at the end of year <\/span>1<\/mn>6<\/mn><\/mtext>.<\/mo><\/mrow><\/math> The withdrawals would continue for five years, with each subsequent year's withdrawal increasing by <\/span>9<\/mn>%<\/mo><\/mrow><\/math> compared to the previous year. To create this fund, the person plans to make <\/span>1<\/mn>5<\/mn><\/mrow><\/math> equal annual deposits, with an interest rate of <\/span>8<\/mn>.<\/mn>4<\/mn>%<\/mo><\/mrow><\/math> per year compounded annually. What would be the amount of these equal annual deposits that would be required to create the desired fund for withdrawals?<\/span> <\/div><\/span> <\/div><\/div> \"image", "transcribed_text": "", "related_book": { "title": "Fundamental accounting principle", "isbn": "1259119831, 9781259311703, 978-1259119835, 1259311708, 978-0078025587", "edition": "21st edition", "authors": "John J. Wild, Ken W. Shaw, Barbara Chiappetta", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/267.jpg", "uri": "\/textbooks\/fundamental-accounting-principle-21st-edition-267", "see_more_uri": "" }, "free_related_book": { "isbn": "0471717843", "uri": "\/textbooks\/uk-custom-organizational-psychology-1st-edition-9780471717843-106267", "name": "Uk Custom Organizational Psychology", "edition": "1st Edition" }, "question_posted": "2024-06-09 14:19:10", "see_more_questions_link": "\/study-help\/questions\/business-marketing-2022-June-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/a-companys-5year-bonds-are-yielding-775-per-year-treasury", "description": "A companys 5-year bonds are yielding 7.75% per year. Treasury bonds with the same maturity are yielding 5.2% per year, and the real risk-free rate (r*) is 2.3%. 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