# Today is Lily’s 54th birthday

Today is Lily’s 54th birthday. She want to deposit money into an account and establish Fund for herself. She plan to withdraw \$11,000 on her 68th birthday and \$12,000 on 69th, \$13,000 on 70thand \$15,000 on 71st. She will deposit using a 10-year annuity, and they intend to make their first deposit one year from today, and the average return of 6.25%pa.How much will Lily have to put away each year ? Create a schedule showing the cash inflows (including interest) and outflows of this fund.

Today is Lily’s 54th birthday. She want to deposit money into an account and establish Fund for herself. She plan to withdraw \$11,000 on her 68th birthday and \$12,000 on 69th, \$13,000 on 70thand \$15,000 on 71st. She will deposit using a 10-year annuity, and they intend to make their first deposit one year from today, and the average return of 6.25%pa.How much will Lily have to put away each year ? Create a schedule showing the cash inflows (including interest) and outflows of this fund.

Today is Lily’s 54th birthday. She want to deposit money into an account and establish Fund for herself. She plan to withdraw \$11,000 on her 68th birthday and \$12,000 on 69th, \$13,000 on 70thand \$15,000 on 71st. She will deposit using a 10-year annuity, and they intend to make their first deposit one year from today, and the average return of 6.25%pa.How much will Lily have to put away each year ? Create a schedule showing the cash inflows (including interest) and outflows of this fund.

Today is Lily’s 54th birthday. She want to deposit money into an account and establish Fund for herself. She plan to withdraw \$11,000 on her 68th birthday and \$12,000 on 69th, \$13,000 on 70thand \$15,000 on 71st. She will deposit using a 10-year annuity, and they intend to make their first deposit one year from today, and the average return of 6.25%pa.How much will Lily have to put away each year ? Create a schedule showing the cash inflows (including interest) and outflows of this fund.

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