ssonsYou plan to put some money into an account so that for the next 4 years you can withdraw $912 fromssonsthe account at the end of each six month period. What is the size of the initial deposit needed to fundessonsthese withdrawals if the account is to be empty after the last withdrawal is made? The account earns6% interest per year, compounded every 6 months. Round to the penny $essonsLessons5 Lessons

Present Value can be calculated using PV function in excel PV (rate, nper, pmt, [Fv], [type])…

You plan to put some money into an account so that for the next 4 years you can withdraw $912 from the account at the end of each six month period. What is the size of the initial deposit needed to fund these withdrawals if the account is to be empty after the last withdrawal is made? The account earns 6% interest per year, compounded every 6 months. Round to the penny $

You plan to put some money into an account so that for the next 4 years you can withdraw $912 from the account at the end of each six month period. What is the size of the initial deposit needed to fund these withdrawals if the account is to be empty after the last withdrawal is made? The account earns 6% interest per year, compounded every 6 months. Round to the penny $

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 3PB: Use the tables in Appendix B to answer the following questions. A. If you would like to accumulate...

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