Question: Present value of complex cash flows How much do you have to deposit today so that beginning 11 years from now you can withdraw $10000

Present value of complex cash flows How much do you have

Present value of complex cash flows How much do you have to deposit today so that beginning 11 years from now you can withdraw $10000 a year for the next five years (periods 11-15) plus an additional amount of $20000 in the last year (period 15)? Assume an interest rate of 6%. PV of $10K Annuity (years 11 thru 15) Step 1: PV PV - Annuity (at year 10) i nper pmt FV PV PV - Annuity (at year 0) nper pmt FV PV PV - Single Sum (at year O) nper pmt FV Total deposit required today

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