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You will deposit $8,000 today. It will grow for 6 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the
You will deposit $8,000 today. It will grow for 6 years at 10% interest compounded semiannually. You will then withdraw the funds annually over the next 4 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.) |
$5,593
$7,585
$3,189
$4,338
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