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Samuel David wants to make 5 equal annual withdrawals of $8,000 from a fund that will earn interest at 10% compounded annually. Required: How much would Samuel have to invest on: Round your answers to two decimal places. January 1, 2019, if the first withdrawal is made on January 1, 2020? $ fill in the blank 1 January 1, 2019, if the first withdrawal is made on January 1, 2019? S fill in the blank 2

Samuel David wants to make 5 equal annual withdrawals of $8,000 from a fund that will earn interest at 10% compounded annually. Required: How much would Samuel have to invest on: Round your answers to two decimal places. January 1, 2019, if the first withdrawal is made on January 1, 2020? $ fill in the blank 1 January 1, 2019, if the first withdrawal is made on January 1, 2019? S fill in the blank 2

Essentials Of Investments
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
Section: Chapter Questions
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Samuel David wants to make 5 equal annual withdrawals of $8,000 from a fund that will earn interest at 10% compounded annually. Required: How much would Samuel have to invest on: Round your answers to two decimal places. January 1, 2019, if the first withdrawal is made on January 1, 2020? $ fill in the blank 1 January 1, 2019, if the first withdrawal is made on January 1, 2019? $ fill in the blank 2
Transcribed Image Text:Samuel David wants to make 5 equal annual withdrawals of $8,000 from a fund that will earn interest at 10% compounded annually. Required: How much would Samuel have to invest on: Round your answers to two decimal places. January 1, 2019, if the first withdrawal is made on January 1, 2020? $ fill in the blank 1 January 1, 2019, if the first withdrawal is made on January 1, 2019? $ fill in the blank 2
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