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 rateof 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 putcomma and UOM (unit of measure).

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Business

Accounting

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

Section: Chapter Questions

Problem 1Q

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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).

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