what is the largest uniform annual withdrawl which could be made for nine years
ID: 1169842 • Letter: W
Question
what is the largest uniform annual withdrawl which could be made for nine years with the first withdrawl occurring at the end of year 20 if eight uniform annual deposit deposits of $9,500 had been made at 7% interest compounded annually with the first deposit having been mabe at the end of year 1?
610 APPENDIX C: COMPOUND INTEREST TABLES Compound Interest Factors Single Payment Uniform Payment Series Arithmetic Gradient Compound Present Sinking Compound Amount Present Factor Given A Present Amount Factor Recovery Factor Factor Factor Given F 1.0000 Series Given P Given F Given P Given A Given G Given G 1.0700 1.000 0 0 3 2.506 7629 2252 2439 1398 6663 .6227 2098 10.260 9 .5083 0724 0634 0559 7.024 7.499 32.467 5.065 27.888 0324 0294 0268 62.592 67.622 72.599 77.509 82.339 87.079 0994 0968 33.999 10.059 2765 0223 0204 0923 0904 2257 49.006 0872 96.255 100.677 1722 68.677 0824 113.227 120.972 124.655 80.698 1406 0806 00980 00907 00841 00780 00723 00501 00350 00246 1228 102.073 0772 138.237 199.636 285.750 406.530 575.930 813.523 0937 10.669 0668 152.293 163.756 172.905 13.606 0242 00123 00087 00062 00044 00031 185.768 0709 0706 190.145 113.990 159.877 224.235 00877 00625 00446 00318 00227 00162 13.666 196.104 198.075 199.572 200.704 201.558 202.200 14.222 618.673 867.720 00016 00011 00008 6287.2 8 823.9 14.263Explanation / Answer
what is the largest uniform annual withdrawl which could be made for nine years
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.