What equal annual payments you have to deposit in your account (EOY 4 until EC order to provide equal annual withdrawals of $2000 (EOY 8 until EOY 10) if your has an interest rate of 9% per year compounded annually?

What equal annual payments you have to deposit in your account (EOY 4 until EC order to provide equal annual withdrawals of $2000 (EOY 8 until EOY 10) if your has an interest rate of 9% per year compounded annually?

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter4: Time Value Of Money

Section: Chapter Questions

Problem 22PROB

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Question

What equal annual payments you have to deposit in your account (EOY 4 until EOY 6) in
order to provide equal annual withdrawals of $2000 (EOY 8 until EOY 10) if your account
has an interest rate of 9% per year compounded annually?
1. C $2 823 16

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