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

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

(Complex present value) How much do you have to deposit today so that beginning 11 years from now you can withdraw $13,000 a year for the next 7 years (periods 11 through 17) plus an additional amount of $26,000 in that last year (period 17)? Assume an interest rate of 9 percent a. What is the value of the $13,000 withdrawals in years 11 through 17 at the end of year 10 if the annual interest rate is 9 percent? (Round to the nearest cent.) Incorrect: 0

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