How much do you have to deposit today so that beginning 11 years from now you can withdraw $15,000 a year for the next 5 years (periods 11 through 15) plus an additional amount of $30,000 in the...

How much do you have to deposit today so that beginning 11 years from now you can withdraw

$15,000

a year for the next

years (periods 11 through

15)

plus an additional amount of

$30,000

in the last year (period

15)?

Assume an interest rate of

percent.

The amount of money you have to deposit today is

Jun 09, 2022

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