Present Value of an Annuity Ralph Benke wants to make 8 equal semiannual withdrawals of $8,000 from a fund that will earn interest at 11% compounded semiannually. Required: How much would Ralph have to invest on: Round your answers to two decimal places. January 1, 2019, if the first withdrawal is made on July 1, 2019 $ fill in the blank 1 July 1, 2019, if the first withdrawal is made on July 1, 2019 $ fill in the blank 2 January 1, 2019, if the first withdrawal is made on January 1, 2022
Present Value of an Annuity Ralph Benke wants to make 8 equal semiannual withdrawals of $8,000 from a fund that will earn interest at 11% compounded semiannually. Required: How much would Ralph have to invest on: Round your answers to two decimal places. January 1, 2019, if the first withdrawal is made on July 1, 2019 $ fill in the blank 1 July 1, 2019, if the first withdrawal is made on July 1, 2019 $ fill in the blank 2 January 1, 2019, if the first withdrawal is made on January 1, 2022
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 13P: Present Value of an Annuity Ralph Benke wants to make 8 equal semiannual withdrawals of 8,000 from a...
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Present Value of an Annuity
Ralph Benke wants to make 8 equal semiannual withdrawals of $8,000 from a fund that will earn interest at 11% compounded semiannually.
Required:
How much would Ralph have to invest on:
Round your answers to two decimal places.
- January 1, 2019, if the first withdrawal is made on July 1, 2019
$ fill in the blank 1
- July 1, 2019, if the first withdrawal is made on July 1, 2019
$ fill in the blank 2
- January 1, 2019, if the first withdrawal is made on January 1, 2022
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