Question
You need to make annual withdrawals of $20,000 at the end of each year for the next 12 years. How much money must you
You need to make annual withdrawals of $20,000 at the end of each year for the next 12 years. How much money must you have in the account today? The account pays 2.6% interest. Round to the nearest dollar.
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Financial and Managerial Accounting
Authors: Horngren, Harrison, Oliver
3rd Edition
978-0132497992, 132913771, 132497972, 132497999, 9780132913775, 978-0132497978
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