How much will be in the account immediately

Reference no: EM13302093

You need $20,000 annually for 4 years to complete your education, starting next year. (You would withdraw the first $20,000 one year from today.) Your uncle will deposit an amount today in a bank paying 6% annual interest, which would provide the needed $20,000 payments. Round all answers to the nearest hundredth

How much will be in the account immediately after you make the first withdrawal?

Reference no: EM13302093

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How much will be in the account immediately : How much will be in the account immediately after you make the first withdrawal?

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