How much money should be deposited each year for 12 years if you wish to withdraw $309 each year for five years, beginning at the end of the 14th year? Let i = 8% per year. Click the icon to view the interest and annuity table for discrete compounding when i = 8% per year. To withdraw the required amounts in the future, $ nearest cent.) should be deposited each year for 12 years. (Round to the

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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How much money should be deposited each year for 12 years if you wish to withdraw $309 each year for five years,
beginning at the end of the 14th year? Let i = 8% per year.
Click the icon to view the interest and annuity table for discrete compounding when i = 8% per year.
To withdraw the required amounts in the future, $
nearest cent.)
should be deposited each year for 12 years. (Round to the
Transcribed Image Text:How much money should be deposited each year for 12 years if you wish to withdraw $309 each year for five years, beginning at the end of the 14th year? Let i = 8% per year. Click the icon to view the interest and annuity table for discrete compounding when i = 8% per year. To withdraw the required amounts in the future, $ nearest cent.) should be deposited each year for 12 years. (Round to the
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567800
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Single Payment
Compound
Amount
Present
Factor Worth Factor
To Find F
Given P
F/P
1.0800
1.1664
1.2597
1.3605
1.4693
1.5869
1.7138
1.8509
1.9990
2.1589
2.3316
2.5182
Discrete Compounding; i = 8%
Compound
Amount
Factor
2.7196
2.9372
3.1722
3.4259
3.7000
3.9960
4.3157
4.6610
To Find P
Given F
P/F
0.9259
0.8573
0.7938
0.7350
0.6806
0.6302
0.5835
0.5403
0.5002
0.4632
0.4289
0.3971
0.3677
0.3405
0.3152
0.2919
0.2703
0.2502
0.2317
0.2145
To Find F
Given A
F/A
1.0000
2.0800
3.2464
4.5061
5.8666
7.3359
8.9228
10.6366
12.4876
14.4866
16.6455
18.9771
21.4953
24.2149
27.1521
30.3243
33.7502
37.4502
41.4463
45.7620
Uniform Series
Present
Worth Factor
To Find P
Given A
P/A
0.9259
1.7833
2.5771
3.3121
3.9927
4.6229
5.2064
5.7466
6.2469
6.7101
7.1390
7.5361
7.9038
8.2442
8.5595
8.8514
9.1216
9.3719
9.6036
9.8181
Sinking
Fund
Factor
To Find A
Given F
A/F
1.0000
0.4808
0.3080
0.2219
0.1705
0.1363
0.1121
0.0940
0.0801
0.0690
0.0601
0.0527
0.0465
0.0413
0.0368
0.0330
0.0296
0.0267
0.0241
0.0219
Capital
Recovery
Factor
To Find A
Given P
A/P
1.0800
0.5608
0.3880
0.3019
0.2505
0.2163
0.1921
0.1740
0.1601
0.1490
0.1401
0.1327
0.1265
0.1213
0.1168
0.1130
0.1096
0.1067
0.1041
0.1019
Transcribed Image Text:N 1234 567800 9 10 11 12 13 14 15 16 17 18 19 20 Single Payment Compound Amount Present Factor Worth Factor To Find F Given P F/P 1.0800 1.1664 1.2597 1.3605 1.4693 1.5869 1.7138 1.8509 1.9990 2.1589 2.3316 2.5182 Discrete Compounding; i = 8% Compound Amount Factor 2.7196 2.9372 3.1722 3.4259 3.7000 3.9960 4.3157 4.6610 To Find P Given F P/F 0.9259 0.8573 0.7938 0.7350 0.6806 0.6302 0.5835 0.5403 0.5002 0.4632 0.4289 0.3971 0.3677 0.3405 0.3152 0.2919 0.2703 0.2502 0.2317 0.2145 To Find F Given A F/A 1.0000 2.0800 3.2464 4.5061 5.8666 7.3359 8.9228 10.6366 12.4876 14.4866 16.6455 18.9771 21.4953 24.2149 27.1521 30.3243 33.7502 37.4502 41.4463 45.7620 Uniform Series Present Worth Factor To Find P Given A P/A 0.9259 1.7833 2.5771 3.3121 3.9927 4.6229 5.2064 5.7466 6.2469 6.7101 7.1390 7.5361 7.9038 8.2442 8.5595 8.8514 9.1216 9.3719 9.6036 9.8181 Sinking Fund Factor To Find A Given F A/F 1.0000 0.4808 0.3080 0.2219 0.1705 0.1363 0.1121 0.0940 0.0801 0.0690 0.0601 0.0527 0.0465 0.0413 0.0368 0.0330 0.0296 0.0267 0.0241 0.0219 Capital Recovery Factor To Find A Given P A/P 1.0800 0.5608 0.3880 0.3019 0.2505 0.2163 0.1921 0.1740 0.1601 0.1490 0.1401 0.1327 0.1265 0.1213 0.1168 0.1130 0.1096 0.1067 0.1041 0.1019
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