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emily8694 emily8694
wrote...
Posts: 378
A year ago
Annie Laerz wants to invest $20,000 on January 1, 2014, so that she may withdraw 10 annual payments of equal amounts beginning January 1, 2029. If the fund earns 8% annual interest over its life, what will be the amount of each of the withdrawals? (Use spreadsheet software or a financial calculator to calculate your answer. Do not round any intermediary calculations, and round your final answer to the nearest dollar.)
A) $20,000
B) $9455
C) $8755
D) $13,697
Textbook 

Intermediate Accounting


Edition: 1st
Authors:
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dannysilvachidannysilvachi
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Posts: 244
A year ago
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