4. 1 2 3 4 6. 7 8 9. 10 EOY 20 21 22 23 25 26 27 28 29 30 CF $300 24

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Please do it by hand. If not please do not respond. Write clear
O words
Question 6
4.
1
2
3
4
8
10
EOY
20
21
22
23
24
25
26
27
28
29
30
CF
$300
A deposit was made at the EOY 2021, as shown in the CF table above. Five equal withdrawals are to be made, starting at the EOY 26, that will
deplete the account. If the interest rate is 6% compounded annually, what is the amount of these future withdrawals?
Prisenye
Home
FS
F4
F2
%23
2
3.
4
Transcribed Image Text:O words Question 6 4. 1 2 3 4 8 10 EOY 20 21 22 23 24 25 26 27 28 29 30 CF $300 A deposit was made at the EOY 2021, as shown in the CF table above. Five equal withdrawals are to be made, starting at the EOY 26, that will deplete the account. If the interest rate is 6% compounded annually, what is the amount of these future withdrawals? Prisenye Home FS F4 F2 %23 2 3. 4
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