How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8% compounded annually?
Multiple Choice
$117,817.77
$454,144.00
$112,817.20
$549,144

Question

05-12-2022
Mathematics

Answered

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How much would Howard Steele need to invest today so that he may withdraw $12,000 each year for the next 20 years, assuming a rate of 8% compounded annually?
Multiple Choice
$117,817.77
$454,144.00
$112,817.20
$549,144

Sagot :

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