Mathematics, 20.08.2019 04:20 wbrandi118
Barney rubble wishes to withdraw $4000 at the end of every six month period for the next twenty years. how much must be deposited now into this account so that he can make these withdrawls? assume the account earns 6% compounded semi annually.
Answers: 2
![FV=PMT[\frac{(1+\frac{r}{n})^{nt} -1}{\frac{r}{n}}]](/tpl/images/0180/7047/30fac.png)
![FV=4000[\frac{(1+\frac{0.06}{2})^{2 \times 20} -1}{\frac{0.06}{2}}]](/tpl/images/0180/7047/fd92b.png)
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Barney rubble wishes to withdraw $4000 at the end of every six month period for the next twenty year...
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