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= Homework: Chapter 6 Homework HW Score: 60%, 12 of 20 points Points: 0...

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= Homework: Chapter 6 Homework HW Score: 60%, 12 of 20 points Points: 0 of 1 Save (Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $5,000 a year for the next 8 years (periods 11 through 18) plus an additional amount of $10,000 in the last year (period 18)? Assume an interest rate of 6 percent. ..... The amount of money you have to deposit today is $. (Round to the nearest cent.)

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