## Question

###### CALCULATOR PRINTER V VERSION BACK URCES Question 3 Maria Alvarez is rvesting $366,000 in a fund...

CALCULATOR PRINTER V VERSION BACK URCES Question 3 Maria Alvarez is rvesting $366,000 in a fund that earns 10% interest compounded annually. Click here to.xiew factor tables What equal amounts can Mara withdraw at the end of each of the next 20 years? (Round factor values to S decímal places,g. 1.25124 and inal answers to 0 decimal places, e.g. 458,581.) Yearly withdrawals s Click if you would like to Show Work for this question: Oen Show Work LENK TO TEXT

## Answers

The amount which he needs to withdraw can be found from pvA table

the factor table we need to use here is PV table for i=10% and n=20 and value is 8.51356

yearly amount=366000/8.51356=42990

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