If you have $20,000 in an account earning 8% annually, what constant amount could you withdraw each year and have nothing remaining at the end of 5 years?

If you have $20,000 in an account earning 8% annually, what constant amount could you withdraw each year and have nothing remaining at the end of 5 years?

If you have $20,000 in an account earning 8% annually, the constant amount could you withdraw each year and have nothing remaining at the end of 5 years is: $3,408.88

If you have $20,000 in an account earning 8% annually, what constant amount could you withdraw each year and have nothing remaining at the end of 5 years?

Original conversation

User: If you have $20,000 in an account earning 8% annually, what constant amount could you withdraw each year and have nothing remaining at the end of 5 years?

Weegy: If you have $20,000 in an account earning 8% annually, the constant amount could you withdraw each year and have nothing remaining at the end of 5 years is: $3,408.88
yeswey|Points 3020|

User: At what rate must $400 be compounded annually for it to grow to $716.40 in 10 years?

Weegy: 6% rate must $400 be compounded annually for it to grow to $716.40 in 10 years. wisbest|Points 2734|

User: The present value of a single future sum

User: Compute the payback period for a project with the following cash flows, if the company's discount rate is 12%.
Initial outlay = $450
Cash flows:
Year 1 = $325
Year 2 = $65
Year 3 = $100
A. 3.43 years
B. 3.17 years
C. 2.88 years
D. 2.6 years

Weegy: The payback period for a project with the following cash flows, [ if the company's discount rate is 12% is: 2.6 years.
] Expert answered|emdjay23|Points 2027|

Weegy: Hi. I think you forgot to include the choices on your question, " Which of the following is considered to be a spontaneous source of financing ". Thanks for using Weegy. User: Which of the following is considered to be a spontaneous source of financing?
A. Operating leases
B. Accounts receivable
C. Inventory
Weegy: Accounts Payable is considered to be a spontaneous source of financing. User: Compute the payback period for a project with the following cash flows, if the company's discount rate is 12%.
Initial outlay = $450
Cash flows:
Year 1 = $325
Year 2 = $65
Year 3 = $100
A. 3.43 years
B. 3.17 years
C. 2.88 years
D. 2.6 years
Weegy: the payback period for a project is 2.6 years.
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