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

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
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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