Present value of annuity necessary to fund the withdrawal
Question:
Find the present value of the annuity necessary to fund the withdrawal of $900 per month for 15 years, if the annuity earns 4% per year. (assume end-of-period withdrawal and compounding at the same intervals as withdrawal.
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Find the present value of the annuity necessary to fund the withdrawal of $900 per month for 15 years, if the annuity earns 4% per year.
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