Ten years ago, you deposited P5400 per month. You made the deposit for 6 years and then stopped. 4 years later, you established a belts and nuts factory, and start withdrawing P2,300 every month for advertisement. Money is worth 6% compounded monthly. How many months can you withdraw before the money is exhausted? What is the present worth of the withdrawal? Please give me complete/detailed solutions and givens. also, show cash flows diagram (inflow and outflow). ---- the picture below is an example of cash flow diagram.
Ten years ago, you deposited P5400 per month. You made the deposit for 6 years and then stopped. 4 years later, you established a belts and nuts factory, and start withdrawing P2,300 every month for advertisement. Money is worth 6% compounded monthly. How many months can you withdraw before the money is exhausted? What is the present worth of the withdrawal? Please give me complete/detailed solutions and givens. also, show cash flows diagram (inflow and outflow). ---- the picture below is an example of cash flow diagram.
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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Transcribed Image Text:Ten years ago, you deposited P5400 per
month. You made the deposit for 6 years
and then stopped. 4 years later, you
established a belts and nuts factory, and
start withdrawing P2,300 every month
for advertisement. Money is worth 6%
compounded monthly. How many
months can you withdraw before the
money is exhausted? What is the present
worth of the withdrawal?
Please give me complete/detailed
solutions and givens. also, show cash
flows diagram (inflow and outflow).
the picture below is an example of cash
flow diagram.
‒‒‒‒
c
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