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 N123456780091011121314151617181920Single PaymentCompoundAmountPresentFactor Worth FactorTo Find FGiven PF/P1.08001.16641.25971.36051.46931.58691.71381.85091.99902.15892.33162.5182Discrete Compounding; i = 8%CompoundAmountFactor2.71962.93723.17223.42593.70003.99604.31574.6610To Find PGiven FP/F0.92590.85730.79380.73500.68060.63020.58350.54030.50020.46320.42890.39710.36770.34050.31520.29190.27030.25020.23170.2145To Find FGiven AF/A1.00002.08003.24644.50615.86667.33598.922810.636612.487614.486616.645518.977121.495324.214927.152130.324333.750237.450241.446345.7620Uniform SeriesPresentWorth FactorTo Find PGiven AP/A0.92591.78332.57713.31213.99274.62295.20645.74666.24696.71017.13907.53617.90388.24428.55958.85149.12169.37199.60369.8181SinkingFundFactorTo Find AGiven FA/F1.00000.48080.30800.22190.17050.13630.11210.09400.08010.06900.06010.05270.04650.04130.03680.03300.02960.02670.02410.0219CapitalRecoveryFactorTo Find AGiven PA/P1.08000.56080.38800.30190.25050.21630.19210.17400.16010.14900.14010.13270.12650.12130.11680.11300.10960.10670.10410.1019

let x Amount Deposit for 12 years. withdrawal = 309 for 5 years starting from the being of the end…

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

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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