Your goal is to be able to withdraw $4,900 for each of the next six years...

Question

Question

Your goal is to be able to withdraw $4,900 for each of the next six years beginning one year from today. The return on the in

Answer 1

Answer #1

Calculate present value :

Present value = Amount*(1+i)ⁿ

= 4900*4.35526

Present value = $21341

So answer is c) $21341

Answer 2

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