Question
You will deposit $13,000 today. It will grow for 7 years at 12% interest compounded semiannually. You will then withdraw the funds annually over the
| You will deposit $13,000 today. It will grow for 7 years at 12% interest compounded semiannually. You will then withdraw the funds annually over the next 5 years. The annual interest rate is 10%. Your annual withdrawal will be: Use Appendix A and Appendix D. (Round "PV Factor" and "FV Factor" to 3 decimal places.) |
$9,008
$11,000
$7,753
$4,815
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The Finance Book
Authors: Stuart Warner, Si Hussain
2nd Edition
1292401982, 978-1292401980
