Question: A high - yield investment account returns 6 . 7 % annually. You want to withdraw $ 2 , 2 5 0 each year for
A highyield investment account returns annually. You want to withdraw $ each year for the next years. How much do you have to deposit today?
Note: Present Value is the amount of money that needs to be invested today to be able to collect or withdraw a series of periodic equal payments.
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$
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$
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