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what amount should an individual have in a bank account today before withdrawl...

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Accounting

what amount should an individual have in a bank account today before withdrawl if 7800 is needed each year for four years with the first withdrawl to be made today and each
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Given below are the present value factors for $1.00 discounted at 12% for one to five periods. Interest is compounded annually at 12% Periods 0.893 0.797 0.712 0.636 0.567 What amount should an individual have in a bank account today before withdrawal if $7800 is needed each year for four years with the first withdrawal to be made today and each subsequent withdrawal at one-year intervals? (The batance in the bank account should be zero after the fourth $7800 + t$7800 x 0.393) + ($7eoo-0.797-($7B00- 712) ($7800" 0893) + ($7800-0797) + ($7800-07121+ t$7800 x 0,636) O ($7800- 893) + ($7800 x 0797) + ($7000-a7121+ ($7800-0636) ($7800 0893) + ($7800 0797) + (S7800 x a712:-($7B00 0636)

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