SOLUTION: determine the amount of money a person must deposit now in order to be able make TEN 2200 withdrawals starting 5 years from now if the interest rate is 14% per year?
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Question 802273: determine the amount of money a person must deposit now in order to be able make TEN 2200 withdrawals starting 5 years from now if the interest rate is 14% per year?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
That depends on how frequently the withdrawals are taken. Annually? Monthly? Daily? Every 5 minutes? Re-post your problem with ALL of the parameters. Oh, and tell me where I can get 14% year over year for a minimum of 5 years on an investment.
John
Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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