Question: (Complex present value) How much do you have to deposit today so that beginning 13 years from now you can withdraw $11,000 a year for

(Complex present value) How much do you have to deposit today so that beginning 13 years from now you can withdraw $11,000 a year for the next 5 years (periods 13 through 17) plus an additional amount of $22,000 in that last year (period 17)? Assume an interest rate of 13 percent a. What is the value of the $11,000 withdrawals in years 13 through 17 at the end of year 12 If the annual interest rate is 13 percent? $ (Round to the nearest cent.) b. What is the present value today of the 5-year $11,000 annuity at the end of year 12 (found in part a) if the annual interest rate is 13 percent? $ (Round to the nearest cent.) c. What is the present value of the amount of $22,000 withdrawal in year 17 if the annual discount rate is 13 percent? $ (Round to the nearest cent.) d. How much do you have to deposit today so that beginning 13 years from now you can withdraw $11,000 a year for the next 5 years (periods 13 through 17) plus an additional amount of $22,000 in that last year (period 17)? $ (Round to the nearest cent.)
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