ngr. secula started 2000.00 each year for 25 years until his retirement at 65 years old. a year after he retired he withdraw 10000.00 for period of 5 years. in the ninth and tenth years he decided to only withdraw 5000.00 per year. in the twelfth year, he withdraw the remaining money in his account. if the interest rate year was 9% per year. a.) draw the cash flow diagram with functional symbols. b) what was the final withdraw from his account?
ngr. secula started 2000.00 each year for 25 years until his retirement at 65 years old. a year after he retired he withdraw 10000.00 for period of 5 years. in the ninth and tenth years he decided to only withdraw 5000.00 per year. in the twelfth year, he withdraw the remaining money in his account. if the interest rate year was 9% per year. a.) draw the cash flow diagram with functional symbols. b) what was the final withdraw from his account?
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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engr. secula started 2000.00 each year for 25 years until his retirement at 65 years old. a year after he retired he withdraw 10000.00 for period of 5 years. in the ninth and tenth years he decided to only withdraw 5000.00 per year. in the twelfth year, he withdraw the remaining money in his account. if the interest rate year was 9% per year.
a.) draw the cash flow diagram with functional symbols.
b) what was the final withdraw from his account?
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