You estimate that it will take five years to complete your university education. Your parents want to invest enough money today at 12 per cent to enable you to withdraw $5000 at the end of each year for the next five years with nothing left at the end of the five-year period. How much money do they need today?

$18,023.88

Step-by-step explanation:

The amount they would need today can be determined by finding the present value of the 4 year annuity

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow each year from year 1 to 5 = $5000

I = 12%

PV = $18,023.88

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

i think u have 12 apples sorry again i don't really know if it correct i'm just tryna hrlp people out.

i believe it is the square root of 122 because when you turn it on it's side, to where the 5 inches is on the bottom, it looks like it is the same length.