I took a screen shot and posted it

Ybtnazlauvre
timer Asked: May 5th, 2018

Question Description

I need help with this problem I got the answer right but I have no idea how to actually get the answer I attached the problem in an attachment! It should

Be easy for any one who has any accounting experience

Unformatted Attachment Preview

SmartBook C 1) You Deposit $800 Into X omheducation.com/hm.tpx?_=0.4348117405691282_1525486363669 connect Principles of Accounting : 2033 Logan Mynhier JACCOUNTING Instructions I help Question 2 (of 5) > Save & Exit Submit ue: .00 points How much would you need to deposit now in a savings account that earns 5% interest, compounded annually, in order to withdraw $5,000 at the end of every year for ten years? (Future Value of $1. Present Value of $1. Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables. Round your final answer to the nearest dollar amount) $38,609 O $47.500 $47,619 O $50.000 References Learning Objective: 11-S1 Use present value and future value tables to incorporate the time value of money Multiple Choice Difficulty 1 Easy Check my work served
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