Need business and finance help to present value of complex cash flows

Business & Finance
Tutor: None Selected Time limit: 1 Day

How much do you have to deposit today so that beginning 11 years from now you can withdraw %$10,000 a year for the next 5 years (periods 11-15) plus an additional amount of $20,000 in the last year (period of 15)? Assume interest rate is 6%

Nov 22nd, 2015

Thank you for the opportunity to help you with your question!

So total required deposit = $ 

31866.92

Please let me know if you need any clarification. I'm always happy to answer your questions.
Nov 22nd, 2015

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Nov 22nd, 2015
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Nov 22nd, 2015
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