Calculate the amount of money a person must deposit 4 years from now in order to be able to withdraw $15,000 per year for 10 years beginning 16 years from now at an interest rate of 11% per year Select the most appropriate answer. $28,211 $28,028 $28,149 $27,828

Calculate the amount of money a person must deposit 4 years from now in order to be able to withdraw $15,000 per year for 10 years beginning 16 years from now at an interest rate of 11% per year Select the most appropriate answer. $28,211 $28,028 $28,149 $27,828

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Calculate the amount of money a person must deposit 4 years from now in order to be able to withdraw $15,000 per year for 10 years beginning 16 years from now at an interest rate of 11% per year
Select the most appropriate answer.
$28,211
$28,028
$28,149
$27,828
this answer
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