Question 1 Suppose that the parents of a young child decide to make annual deposits into a savings account, with first deposit being made on the child's fifth birthday and the last deposit on the fifteenth birthday. Then starting on the child's eighteenth birthday up to his 22nd birthday, withdrawals of Php118186 ever years are to be made. If the interest rate is 8% compounded continuously, what are the annual deposits in years five through fifteen? Round your answer to 2 decimal places. FROM QUESTION 1: INCLUDE THE CASH FLOW DIAGRAM OF THIS PROBLEM AND ROUND OFF INTEREST RATE TO 5 SIGNIFICANT PLACES AND YOUR FINAL ANSWER TO 2 DECIMAL PLACES.

Question 1 Suppose that the parents of a young child decide to make annual deposits into a savings account, with first deposit being made on the child's fifth birthday and the last deposit on the fifteenth birthday. Then starting on the child's eighteenth birthday up to his 22nd birthday, withdrawals of Php118186 ever years are to be made. If the interest rate is 8% compounded continuously, what are the annual deposits in years five through fifteen? Round your answer to 2 decimal places. FROM QUESTION 1: INCLUDE THE CASH FLOW DIAGRAM OF THIS PROBLEM AND ROUND OFF INTEREST RATE TO 5 SIGNIFICANT PLACES AND YOUR FINAL ANSWER TO 2 DECIMAL PLACES.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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