Question

You are the elderly parent of a 50-year-old handicapped individual and want to put some money into an account to secure your child's future. You are going to put 4 equal annual deposits into an account earning 7 percent. Your first deposit will be made at t=0 and the last deposit will be at t=3, You want the guardian of your child to be able to withdraw $16,000 per year for 20 years to help take care of your
of your deposits need to be?
child. The first withdrawal will be at t=4 and

Answer 1

I'm sorry, 50 year old child?

Answer 2

You’re an idiot

Answer 3

do you want an answer and explanation or just an answer

Answer 4

$33,345 and 54 cents

Answer 5

That’s not the answer

Answer 6

You’re an idiot

Answer 7

Like genuinely