Question
The present value of your annuity is $70,000.00 and you want to make withdraws each month for the next 28 years. If money is worth
The present value of your annuity is $70,000.00 and you want to make withdraws each month for the next 28 years. If money is worth 5.3%, compounded monthly, what is the amount of your payments from the annuity for the next 28 years?
The payment would be $
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An Introduction to Measure Theoretic Probability
Authors: George G. Roussas
2nd edition
128000422, 978-0128000427
