m today you will make the first of 20 equal annual deposits in a bank account. One year after the last deposit you will retire and make the first of 15 annual withdrawals of $10,000. If you can earn 12% annually, what should be the amount of your dep

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...
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One year from today you will make the first of 20 equal annual deposits in a bank account. One year after the last deposit you will retire and make the first of 15 annual withdrawals of $10,000. If you can earn 12% annually, what should be the amount of your deposits? the answer is 945.27 please show how to get it

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