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a. The amount a person would need to deposit today to be able to withdraw...

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Accounting

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a. The amount a person would need to deposit today to be able to withdraw $6,000 cach yeat for 10 years from an account earning 5 percent. Round your answer to the nearest whole dolar. Round present value of Series of Equal Amounts in intermediate calculations to four decimal places. b. A person is offered a gift of $4,800 now or $8,000 five vears from now. If such funds could be expected to earn 7 percent over the next five years, which is the better choloe? Round future value of a Single Amount in intermediate calculations to four decimal places. c. A person wants to have $2,000 available to spend on an overseas trip four years from now. If such funds could be expected to eam 7 percent, how much should be invested in a lump sum to realize the $2,000 when needed? Round your answer to the nearest whole dollac, Round present value of a single Amount in intermediate calculations to four decimal places: 5 4. A nerson invests $50,000 in an investment that earns 6 percent. If $5,964 is withdrawn eacti year, how many years will it take for the fund to run but? Round to the nearest whole year. Round Present value of series of Equal Amounts in intermedate calculations to four decimat places. years

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