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 802279: 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) About Me  (Show Source):
You can put this solution on YOUR website!


I already told you that you do not have enough information to answer the question.

That depends on how frequently the withdrawals are taken. Annually? Monthly? Daily? Every 5 minutes? Re-post your problem with ALL of the parameters.

John

Egw to Beta kai to Sigma
My calculator said it, I believe it, that settles it
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