Question

You would like to deposit funds in an investment account and make equal, annual withdrawals of $75,000 per year, beginning exactly 1 year from today and continuing for 15 years, after which time the value of the account will equal zero.
a.) If you expect the account to earn 6% per year, how much do you have to deposit today?
b.) If you expect the account to earn 8% per year, how much do you have to deposit today?


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  • CreatedAugust 07, 2015
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