Find the present value Vof the annuty account necessary to fund the withdranal given. (Aume end of period withdrawals and compounding at the same ntervals as withdranals. Aound your answer to the nearest cent) S00 per month for 20 years, ifthe account earns 7% per year Need Help? Read

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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ASK YOUR TEACHER
Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawais and compounding at the same intervals as withdrawals. Round yeur
answer to the nearest cent.)
$900 per month for 20 years, if the account earns 7% per year
PV$
Need Help?
Read
Wah
Transcribed Image Text:MY NOTES ASK YOUR TEACHER Find the present value PV of the annuity account necessary to fund the withdrawal given. (Assume end-of-period withdrawais and compounding at the same intervals as withdrawals. Round yeur answer to the nearest cent.) $900 per month for 20 years, if the account earns 7% per year PV$ Need Help? Read Wah
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