Ian wants to withdraw $38,500 annually starting today for the next 20 years and will increase the withdrawals by 2.35% each year. If the annuity can earn 6.20% compounded quarterly, how much money needs to be invested in the fund today?Amount:

asked by guest
on Oct 25, 2024 at 5:59 pm



Mathbot Says...

I wasn't able to parse your question, but the HE.NET team is hard at work making me smarter.


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