ind the amount needed to deposit into an account today that will yield a typical pension payment of $15,000 at the end of each of the next 28 years for the given annual interest rate. (Round your answer to the nearest cent.) 4.9%

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications
Section: Chapter Questions
Problem 25E
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Find the amount needed to deposit into an account today that will yield a typical pension payment of $15,000 at the end of each of the next 28 years for the given annual interest rate. (Round your answer to the nearest cent.)

4.9%
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