Beginning December 31, 2021, eight equal annual withdrawals will be made.
Required:
Using the appropriate tables, determine the equal annual withdrawals if $30,000 is invested at an interest rate of 14%
compounded annually on:
1) January 1, 2021
2) December 31, 2021
3) January 1, 2016

Question

Quizplus · Accepted Answer

The Answer of Beginning December 31, 2021, eight equal annual withdrawals will be made.
Required:
Using the appropriate tables, determine the equal annual withdrawals if $30,000 is invested at an interest rate of 14%
compounded annually on:
1) January 1, 2021
2) December 31, 2021
3) January 1, 2016

Beginning December 31, 2021, Eight Equal Annual Withdrawals Will Be