Matthew made the following deposits: Present – P80K, After 9 months - P50K, After 1 years the present - P20K, After 2.5 years the present – P70K and After 4 years the present P100K. Ten years from now, Matthew plans use the money to start a business. How much can he equally withdraw for 5 quarters if at 6% compounded semiannually? The 5 equal withdrawals will be made at the end of the 36th quarterly period? -
Matthew made the following deposits: Present – P80K, After 9 months - P50K, After 1 years the present - P20K, After 2.5 years the present – P70K and After 4 years the present P100K. Ten years from now, Matthew plans use the money to start a business. How much can he equally withdraw for 5 quarters if at 6% compounded semiannually? The 5 equal withdrawals will be made at the end of the 36th quarterly period? -
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...
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Question
![Matthew made the following deposits:
Present – P80OK, After 9 months – P50K, After
1 years the present - P20K, After 2.5 years the
present – P70K and After 4 years the present
P100K. Ten years from now, Matthew plans
use the money to start a business. How
much can he equally withdraw for 5 quarters
if at 6% compounded semiannually? The 5
equal withdrawals will be made at the end of
the 36th quarterly period?
-](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8bfdabfc-5e71-40be-8834-1ce90861fa6d%2Fe6eaa2b2-9526-4067-9f37-c3f19e072bc3%2Fajcmhzp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Matthew made the following deposits:
Present – P80OK, After 9 months – P50K, After
1 years the present - P20K, After 2.5 years the
present – P70K and After 4 years the present
P100K. Ten years from now, Matthew plans
use the money to start a business. How
much can he equally withdraw for 5 quarters
if at 6% compounded semiannually? The 5
equal withdrawals will be made at the end of
the 36th quarterly period?
-
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