Oen
1.00
Sets 1 payment per
year.
(6010/0211
15,000.00
Stores annual
withdrawal.
[63/0]
4.00
Stores number of
withdrawals.
Ow
0.00
Stores balance at end
of four years.
52,713.28
Calculates amount
required when your
daughter starts college.
Then use that PV as ће FV on the following cash flow diagram, and
calculate the PMT.
PMT =?
8: Additional Examples 109