what amount should an individual have in a bank account today before withdrawl...
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what amount should an individual have in a bank account today before withdrawl if 7800 is needed each year for four years with the first withdrawl to be made today and each
Given below are the present value factors for $1.00 discounted at 12% for one to five periods. Interest is compounded annually at 12% Periods 0.893 0.797 0.712 0.636 0.567 What amount should an individual have in a bank account today before withdrawal if $7800 is needed each year for four years with the first withdrawal to be made today and each subsequent withdrawal at one-year intervals? (The batance in the bank account should be zero after the fourth $7800 + t$7800 x 0.393) + ($7eoo-0.797-($7B00- 712) ($7800" 0893) + ($7800-0797) + ($7800-07121+ t$7800 x 0,636) O ($7800- 893) + ($7800 x 0797) + ($7000-a7121+ ($7800-0636) ($7800 0893) + ($7800 0797) + (S7800 x a712:-($7B00 0636)
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