Find the present value of a decreasing annuity necessary to fund withdrawals of $800 per month for 10 years, if the annuity earns 4% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.

$__________

Question

Find the present value of a decreasing annuity necessary to fund withdrawals of $800 per month for 10 years, if the annuity earns 4% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.
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$__________

Quizplus · Accepted Answer

The Answer of Find the present value of a decreasing annuity necessary to fund withdrawals of $800 per month for 10 years, if the annuity earns 4% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.
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$__________

Find the Present Value of a Decreasing Annuity Necessary to Fund