What is the accumulated sum of the following stream of payments?
$24,724 every year at the beginning of the year for 5 years, at 5.34 percent, compounded annually.
Round the answer to two decimal places.
You have accumulated some money for your retirement. You are going to withdraw $87,617 every year at the beginning of the year for the next 16 years starting from today. How much money have you accumulated for your retirement? Your account pays you 14.74 percent per year, compounded annually. To answer this question, you have to find the present value of these cash flows.
Round the answer to two decimal places.