Mathematics, 19.02.2021 05:10 charrij26

Assume you have a future liability of $12000 per year for 4 years beginning 7 years from today. You will fund this liability over the next 5 years, with the first deposit to occur 1 year from today. If you earn an interest rate of 8% per year, compounded annually, on deposits, how much will you have to deposit at the end of each of the next 5 years to fund this liability?

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Assume you have a future liability of $12000 per year for 4 years beginning 7 years from today. You...