Beginning December 31, 2018, 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, 2018
2) December 31, 2018
3) January 1, 2013

Question

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The Answer of Beginning December 31, 2018, 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, 2018
2) December 31, 2018
3) January 1, 2013

Beginning December 31, 2018, Eight Equal Annual Withdrawals Will Be