How-much-do-you-have-to-deposit-today-so-that-beginning-11-years-from-now-Business-Finance-Question-help
How much do you have to deposit today so that beginning 11 years from now, you can withdraw $9,000 a year for the next eight years (periods 11 through 18) plus an additional amount of $18,000 in the last year (period 18)? Assume an interest rate of 8%. What is the amount of money you would need to deposit today?