Question: (Complex present value) How much do you have to deposit today so that beginning 7 years from now you can withdaw $12,000 a year for

(Complex present value) How much do you have to deposit today so that beginning 7 years from now you can withdaw $12,000 a year for the next 4 years (periods 7 through 10 ) plus an additional amount of $24.000 in that last year (period 10)? Assume an interest rate of 14 percent. a. What is the value of the $12,000 whindrawals in years 7 through 10 at the end of year 6 if the annwal interest rate is 14 percent? (Round to the nearest cent)

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