Question: Please help me solve this problem and show all work (Present value of complex cash flows) How much do you have to deposit today so
Please help me solve this problem and show all work
(Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $14,000 a year for the next 5 years (periods 11 through 15) plus an additional amount of $28,000 in the last year (period 15)? Assume an interest rate of 7 percent
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