Anthony Quincy wants to withdraw $32.900 each year for 10 years from a fund that earns 4% interest. Click here to view factor tables How much must be invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, eg 1.25124 and final answers to O decimal places, eg 458,581) First withdrawal at year-end First withdrawal immediately S $

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Anthony Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest.
Click here to view factor tables
How much must be invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes
place immediately? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to O decimal places, eg 458,581.)
First withdrawal at year-end
First withdrawal immediately
$
Transcribed Image Text:Anthony Quincy wants to withdraw $32,900 each year for 10 years from a fund that earns 4% interest. Click here to view factor tables How much must be invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, eg. 1.25124 and final answers to O decimal places, eg 458,581.) First withdrawal at year-end First withdrawal immediately $
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