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Author Question: Solve the problem using the Present Value Table below.Charles wants to retire in 17 years. At that ... (Read 127 times)

craiczarry

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on: Feb 26, 2020
Solve the problem using the Present Value Table below.


Charles wants to retire in 17 years. At that time he wants to be able to withdraw $22,000 at the end of each year for 18 years. Assume that money can be deposited at 6% per year compounded annually. What exact amount will Charles need in 17 years?
◦ $495,132.00
◦ $245,476.00
◦ $230,494.00
◦ $238,216.00
Business Math ¦ Cleaves, Hobbs, Noble ¦ 11th Edition
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Marked as best answer by craiczarry on Feb 26, 2020

Bison

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Reply #1 on: Feb 26, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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craiczarry

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Reply 2 on: Feb 26, 2020
Great answer, keep it coming :)

cdmart10

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Reply 3 on: Yesterday
Wow, this really help

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