Question: (Complex present value) How much do you have to deposit today so that beginning 14 years from now you can withdraw $14,000 a year for

(Complex present value) How much do you have to deposit today so that beginning 14 years from now you can withdraw $14,000 a year for the next 4 years (periods 14 through 17) plus an additional amount of $28,000 in that last year (period 17)? Assume an interest rate of 8 percent. .. a. What is the value of the $14,000 withdrawals years 14 through 17 at the end of year 13 if the annual interest rate is 8 percent? (Round to the nearest cent.) b. What is the present value today of the 4-year $14,000 annuity at the end of year 13 (found in part a) if the annual interest rate is 8 percent? (Round to the nearest cent.) c. What is the present value of the amount of $28,000 withdrawal in year 17 if the annual discount rate is 8 percent? (Round to the nearest cent.) d. How much do you have to deposit today so that beginning 14 years from now you can withdraw $14,000 a year for the next 4 years (periods 14 through 17) plus an additional amount of $28,000 in that last year (period 17)? (Round to the nearest cent.)
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