What are the amounts of the annuity withdrawals


Assume you have $10,000 in the bank now and you will deposit and additional $5,000 a year for the next 20 years (as a regular annuity). You will then withdraw the money as a regular annuity over the next ten years. If the interest rate is 10% for the entire period what are the amounts of the annuity withdrawals?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: What are the amounts of the annuity withdrawals
Reference No:- TGS0725276

Expected delivery within 24 Hours