How much should Brook Atherton put into an account today that earns 7.3 percent per year...

How much should Brook Atherton put into an account today that earns 7.3 percent per year if he wants to be able to withdraw $450 annually for 5 years starting at t=2, then $700 annually for the next 6 years, then $5000 annually for the next 8 years, and then $8500 annually for the next 15 years?

A. $35,106.27

B. $10,705.61

C. $37,669.03

D. $125,172.01

E. $134,309.56

Expert Solution

The answer is A)

Calc:-

jeff jeffy answered 1 year ago

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