Determine the amount to be deposited in a fund now that earns 9% per year to provide for eight end of year withdrawals of RM187.45 each? Include the cash flow diagram in your calculation.

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter14: Multinational Capital Budgeting
Section: Chapter Questions
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Qla) Determine the amount to be deposited in a fund now that earns 9% per year to provide
for eight end of year withdrawals of RM187.45 each? Include the cash flow diagram in
your calculation.
Transcribed Image Text:Qla) Determine the amount to be deposited in a fund now that earns 9% per year to provide for eight end of year withdrawals of RM187.45 each? Include the cash flow diagram in your calculation.
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