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 $7,000

(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 $7,000 a year for the next 8 years (periods 11 through 18) plus an additional amount of $14,000 in the last year (period 18)? Assume an interest rate of 7 percent. (Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $7,000 a year for the next 8 years (periods 11 through 18) plus an additional amount of $14,000 in the last year (period 18)? Assume an interest rate of 7 percent

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