Find the present value of the decreasing annuity necessary to fund a withdrawal of $1,500 per quarter for 20 years, if the annuity earns 3% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent.
A)$90,125.41
B) $90,765.53
C) $89,965.31
D) $90,204.49
E) $89,991.66

Question

Find the present value of the decreasing annuity necessary to fund a withdrawal of $1,500 per quarter for 20 years, if the annuity earns 3% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent. ​
A)$90,125.41
B) $90,765.53
C) $89,965.31
D) $90,204.49
E) $89,991.66

Quizplus · Accepted Answer

The Answer of Find the present value of the decreasing annuity necessary to fund a withdrawal of $1,500 per quarter for 20 years, if the annuity earns 3% per year. (Assume end-of-period deposits and compounding at the same intervals as deposits.) Round your answer to the nearest cent. ​
A)$90,125.41
B) $90,765.53
C) $89,965.31
D) $90,204.49
E) $89,991.66

Find the Present Value of the Decreasing Annuity Necessary to Fund