JW plans on retiring in 20 years with $3,000,000 to live Tahiti in a hut over the sea. He can earn 10% annually. How much will he have to invest today to have $3,000,000 at the end of 20 years?
Present
Value of
1
0.1490
(i=10%,
n =20)
Present
Value of
an
ordinary 8.5140
annuity
(i=10%,
n =20)
Future
Value of
1
6.7275
(i=10%,
n=20)
Future
Value of
an
ordinary 57.2750
annuity
(i=10%,
n=20)