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 F equal $13,000 find the P(Present worth) Example 1.4: An electrical engineerwants to deposit an amount P now suchthat she can withdraw an equal annualamount of A1 S2000 per year for the first5 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 diagramappearif i 8.5% per year?, Assume theFuture equal $13,000 find the P(Presentworth)

Given: An engineer withdraws an equal annual amount of = $2,000 Time period = 5 years Another annual…

Answered: Example 1.4: An electrical engineer…

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: The Basic Tools Of Finance

Section: Chapter Questions

Problem 3CQQ

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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 F equal $13,000 find the P(Present worth)

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