Newman quincy wants to withdraw 35900 each year for 11, Ask an Expert

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Newman Quincy wants to withdraw $35,900 each year for 11 years from a fund that earns 5% interest. Click here to view factor tables How much must he invest today if the first withdrawal is at year-end? How much must he invest today if the first withdrawal takes place immediately? (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 458,581.) First withdrawal at year-end $ First withdrawal immediately $.

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Financial Management, Finance

Category:- Financial Management
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