Question: Problem 6-26 Calculating Annuity Present Values [LO1] Beginning three months from now, you want to be able to withdraw $1,900 each quarter from your bank

Problem 6-26 Calculating Annuity Present Values [LO1]

Beginning three months from now, you want to be able to withdraw $1,900 each quarter from your bank account to cover college expenses over the next five years. If the account pays .41 percent interest per quarter, how much do you need to have in your bank account today to meet your expense needs over the next five years?

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