Compounding at the same intervals as withdrawals

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Reference no: EM131081599

Find the present value PV of the annuity necessary to fund the withdrawal given. HINT [See Example 3.] (Assume end-of-period withdrawals and compounding at the same intervals as withdrawals. Round your answer to the nearest cent.)

$2,700 per quarter for 15 years, if the annuity earns 4% per year

PV=$_________

Reference no: EM131081599

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