Beginning December 31, 2010, ten equal annual withdrawals are to be made.
Required:
Using the appropriate tables, determine the equal annual withdrawals if $140, 000 is invested on January 1, 2010 at an interest rate of 10% compounded annually.

Question

Quizplus · Accepted Answer

The Answer of Beginning December 31, 2010, ten equal annual withdrawals are to be made.
Required:
Using the appropriate tables, determine the equal annual withdrawals if $140, 000 is invested on January 1, 2010 at an interest rate of 10% compounded annually.

Beginning December 31, 2010, Ten Equal Annual Withdrawals Are to Be