Find the present value of the decreasing annuity necessary to fund a withdrawal of $1,300 per quarter for 20 years, if the annuity earns 3% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.
$P V =$ $ __________.

Question

Find the present value of the decreasing annuity necessary to fund a withdrawal of $1,300 per quarter for 20 years, if the annuity earns 3% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.
​ $P V =$ $ __________.

Quizplus · Accepted Answer

The Answer of Find the present value of the decreasing annuity necessary to fund a withdrawal of $1,300 per quarter for 20 years, if the annuity earns 3% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.
​ $P V =$ $ __________.

Find the Present Value of the Decreasing Annuity Necessary to Fund