nt sum needed to prow year is closest to:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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I'll rate you up if its early and dont use excel just solutions.

The present sum needed to provide for an annual withdrawal of $5,000 for 15 years beginning 5 years from now at an interest rate
of 0.06 per year is closest to:
Note: The given interest is already in decimal form. Do not round in between solution. Final answer round to the nearest whole number. No need put
comma and UOM (unit of measure).
Transcribed Image Text:The present sum needed to provide for an annual withdrawal of $5,000 for 15 years beginning 5 years from now at an interest rate of 0.06 per year is closest to: Note: The given interest is already in decimal form. Do not round in between solution. Final answer round to the nearest whole number. No need put comma and UOM (unit of measure).
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