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You will deposit $12,000 today. It will grow for 10 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the
You will deposit $12,000 today. It will grow for 10 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the next 8 years. The annual interest rate is 8%. Your annual withdrawal will be: Use Appendix A and Appendix D. (Round "PV Factor" and "FV Factor" to 3 decimal places.) |
$6,795
$5,540
$8,787
$2,993
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