nt sum needed to prow year is closest to:

Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12MC: (1) What is the value at the end of Year 3 of the following cash flow stream if the quoted interest...
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I'll rate you up if its early and dont use excel just solutions.

The present sum needed to provide for an annual withdrawal of $5,000 for 15 years beginning 5 years from now at an interest rate
of 0.06 per year is closest to:
Note: The given interest is already in decimal form. Do not round in between solution. Final answer round to the nearest whole number. No need put
comma and UOM (unit of measure).
Transcribed Image Text:The present sum needed to provide for an annual withdrawal of $5,000 for 15 years beginning 5 years from now at an interest rate of 0.06 per year is closest to: Note: The given interest is already in decimal form. Do not round in between solution. Final answer round to the nearest whole number. No need put comma and UOM (unit of measure).
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