Beginning December 31, 2011, five equal annual withdrawals are to be made. Required Using the appropriate tables,
Question:
Beginning December 31, 2011, five equal annual withdrawals are to be made.
Required
Using the appropriate tables, determine the equal annual withdrawals if $25,000 is invested at an interest of 12% compounded annually on
1. December 31, 2010
2. December 31, 2011
3. December 31, 2007
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1 Since the 25000 is invested one year before the first withdrawal ...View the full answer
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