The amount a person would need to deposit today to be able to withdraw $10,000 each year for ten years from an account earning 6 percent. Round your answer to the nearest whole dollar. Round Present Value of Series of Equal Amounts in intermediate calculations to four decimal places.
Using the present and
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The amount a person would need to deposit today to be able to withdraw $10,000 each year for ten years from an account earning 6 percent. Round your answer to the nearest whole dollar. Round Present Value of Series of Equal Amounts in intermediate calculations to four decimal places.
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A person is offered a gift of $4,800 now or $8,000 five years from now. If such funds could be expected to earn 5 percent over the next five years, which is the better choice? Round Future Value of a Single Amount in intermediate calculations to four decimal places.
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A person wants to have $1,000 available to spend on an overseas trip four years from now. If such funds could be expected to earn 7 percent, how much should be invested in a lump sum to realize the $1,000 when needed? Round your answer to the nearest whole dollar. Round Present Value of a Single Amount in intermediate calculations to four decimal places.
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