How much do you have to deposit today

Reference no: EM13866476

How much do you have to deposit today so that beginning eleven years from now you can withdraw $10,000 a year for five years (periods 11 to 15) plus an additional amount of $20,000 in that last year (period 15)? Assume an interest rate of 7% p.a.

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Reference no: EM13866476

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