You just won the lottery!You wish to put enough money away so that you can withdraw $6,000

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You just won the lottery!You wish to put enough money away so that you can withdraw $6,000 per month for 25 years.You can earn 9% rate on any funds you deposit.How much will you have to deposit now to meet your goal? (Note: Compounding matches the withdrawal frequency.)

$745,691

$777,845

$773,494

$765,313

$714,970

Posted Date: Jun 15, 2024 06:19 AM

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You just won the lottery!You wish to put enough money away so that you can withdraw $6,000

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