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Author Question: How much must be invested today to make four annual withdrawals of $20,000 each for tuition payments ... (Read 49 times)

newyorker26

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on: Apr 25, 2021

Question 1

Find the present value of a 5-year annuity due if the annual payments are $600 and the interest rate is 11%. How much larger is the present value of the annuity due than the present value of the ordinary 5-year annuity?
◦ $243.93
◦ $204.76
◦ $279.22
◦ $261.32
◦ $227.45

Question 2

How much must be invested today to make four annual withdrawals of $20,000 each for tuition payments if you can earn 8% compounded annually on your investment and the first withdrawal will take place in one year? (Round to the nearest whole dollar.)
◦ $66,243
◦ $51,242
◦ $79,854
◦ $47,393
◦ $57,341
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Marked as best answer by newyorker26 on Apr 25, 2021

Alyson.hiatt@yahoo.com

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Reply #1 on: Apr 25, 2021
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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newyorker26

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Reply 2 on: Apr 25, 2021
Great answer, keep it coming :)

kswal303

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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