Contemplating retirement an individual wants to create a fund on an 6% basis allowing $10,000....
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Contemplating retirement an individual wants to create a fund on an 6% basis allowing $10,000. annual withdraws for 20 years. How much must the balance of the fund equal to allow the $ 10,000. equal annual withdraws beginning one year hence? Following are appropriate factors from tables:
| Table % / n | Present Value of annuity due $1 | Present Value of ordinary annuity of $1 | Present value of $1 | Future Value of ordinary annuity of $1 |
| 6%/20 | 12.15812 | 11.46992 | .31180 | 36.78559 |
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