Question: (Compiex present value) How much do you have to deposit today so that beginning 12 years fromi now you onn withdraw 512.000 a year for

 (Compiex present value) How much do you have to deposit today

(Compiex present value) How much do you have to deposit today so that beginning 12 years fromi now you onn withdraw 512.000 a year for the next 7 years (periods 12. through 18) plus an additional amount of $24,000 in that last yoar (poriod 18)? Assume an interest rate of 8 percent. a. What is the value of the $12.000 withdrawals in years 12 through 18 at the end of yoar 11 if the annual intereot tate is 9 percent? (Round to the nearest cant) b. What is the present value today of the 7 -yoar $12,000 annuly at the end of year 11 (fourd in part a) if the annual interest rade is 9 percent? (Round to the nearest cent.) c. What is the present value of the amount of $24,000 withdrawal in year 18 if the annual discount rate is 9 percent? (Round to the nearest cent.) d. How much do you have to deposit today so that beginning 12 yoars from now you can withdraw $12,000 a yoar for the next 7 years (penods 12 through 18) pius an additional amount of $24,000 in that last year (period 18 )? (Round to the nearest cent.)

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