Example 1.4: An electrical engineer wants to deposit an amount P now such that she can withdraw an equal annual amount of A1 S2000 per year for the first 5 years, starting 1 year after the deposit, and a different annual withdrawal of 42 $3000 per year for the following 3 years. How would the cash flow diagram appearif i 8.5% per year?, assume the present worth equal $10,000 find the Future.
Example 1.4: An electrical engineer wants to deposit an amount P now such that she can withdraw an equal annual amount of A1 S2000 per year for the first 5 years, starting 1 year after the deposit, and a different annual withdrawal of 42 $3000 per year for the following 3 years. How would the cash flow diagram appearif i 8.5% per year?, assume the present worth equal $10,000 find the Future.
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
Section: Chapter Questions
Problem 1PS
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Example 1.4: An electrical engineer wants to deposit an amount P now such that she can withdraw an equal annual amount of A1 S2000 per year for the first 5 years, starting 1 year after the deposit, and a different annual withdrawal of 42 $3000 per year for the following 3 years. How would the cash flow diagram appearif i 8.5% per year?, assume the present worth equal $10,000 find the Future.
Transcribed Image Text:Example 1.4: An electrical engineer
wants to deposit an amount P now such
that she can withdraw an equal annual
amount of A1 S2000 per year for the first
5 years, starting 1 year after the deposit,
and a different annual withdrawal of 42
$3000 per year for the following 3 years.
How would the cash flow diagram
appearif i 8.5% per year?, assume the
present worth equal $10,000 find the
Future.
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