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Annie Laerz wants to invest $20,000 on January 1, 2014, so that she may withdraw 10 annual payments ...

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Annie Laerz wants to invest $20,000 on January 1, 2014, so that she may withdraw 10 annual payments ...

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: 1^st

Authors: Gordon, Raedy, Sannella

Read 686 times

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dannysilvachi

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More solutions for this book are available here

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emily8694 Author

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I'm impressed

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Molivieri2

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Hope this helps

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Thisisdumb1

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Answer please

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sbarker9

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great

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cool

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alb2880

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i need the answer

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