Ra Sign Uut Homework: Chapter 6 Homework Review Save Score: 0 of 1 pt 21...
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Ra Sign Uut Homework: Chapter 6 Homework Review Save Score: 0 of 1 pt 21 of 22 (20 complete) HW Score: 68.42%, 26 of 38 pts X P6-52 (similar to) s Question Help A (Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $7,000 a year for the next 5 years (periods 11 through 15) plus an additional amount of $14,000 in the last year (period 15)? Assume an interest rate of 12 percent. The amount of money you have to deposit today is $ . (Round to the nearest cent.) Incorrect: 2 Enter your answer in the answer box and then click Check
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