Homework answers / question archive /  Question 14 Correct Mark 200 out of 200 P Flag question How much money do you need to deposit in a bank account now so that you can withdraw $10,000 every 8 years forever if the interest rate is 7% per year, and the first withdrawal is scheduled 8 years from now? Select one: a

 Question 14 Correct Mark 200 out of 200 P Flag question How much money do you need to deposit in a bank account now so that you can withdraw $10,000 every 8 years forever if the interest rate is 7% per year, and the first withdrawal is scheduled 8 years from now? Select one: a

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 Question 14 Correct Mark 200 out of 200 P Flag question How much money do you need to deposit in a bank account now so that you can withdraw $10,000 every 8 years forever if the interest rate is 7% per year, and the first withdrawal is scheduled 8 years from now? Select one: a. $23,372 b. $13,372 c. $13,924 d. $17,291 e. $138,332 The correct answer is: $13,924 Question 15 Correct Mark 2.00 out of 2.00