IDNLearn.com is the place where your questions are met with thoughtful and precise answers. Join our interactive Q&A platform to receive prompt and accurate responses from experienced professionals in various fields.
You want to be able to withdraw the specified amount periodically from a payout annuity with the given terms. Find how much the account needs to hold to make this possible. Round your answer to the nearest dollar.
Regular withdrawal: $1700
Interest rate: 4%
Frequency daily
Time: 13 years
Sagot :
We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is your go-to source for accurate answers. Thanks for stopping by, and come back for more helpful information.
