Question: ( Complex present value ) How much do you have to deposit today so that beginning 1 4 years from now you can withdraw $
Complex present value How much do you have to deposit today so that beginning years from now you can withdraw $ a year for the next years periods through plus an additional amount of $ in that last year period Assume an interest rate of percent.
a What is the value of the $ withdrawals in years through at the end of year if the annual interest rate is percent?
Round to the nearest cent.
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