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26 October, 05:24

Find the present value of the on annuity account necessary to fund the withdrawal given.

$800 per month for 20 years, if the account earns 5% per year.

PV = $

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Answers (1)
  1. 26 October, 05:52
    0
    800 * ((1 - (1+0.05) ^-20)) / 0.05
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