Business

11 July, 17:38

Using a 5% annual compound interest rate, what investment today is needed in order to withdraw $5,000 annually:

a. for 10 years?

b. for 10 years if the first withdrawal does not occur for 3 years? white, john

a.; grasman, kellie s.; case, kenneth

e.; lascola needy, kim. fundamentals of engineering economic analysis (page 75). wiley. kindle edition.

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