Question: show how to use financial calculator to solve (Complex present value) How much do you have to deposit today so that beginning 11 years from
show how to use financial calculator to solve
(Complex present value) How much do you have to deposit today so that beginning 11 years from now you can withdraw $10,000 a year for the next 5 years (periods 11 through 15) plus an additional amount of $20,000 in that last year (period 15)? Assume an interest rate of 6 percent
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