younger brother's savings account, with the first deposit being made on your brother's fifth birthday and the last deposit being made on his fifteenth birthday. Then, beginning on his eighteenth birthday, the withdrawals as shown in the Cashflow Diagram will be made. If the effective annual interest rate is 8% during this time period, what are the annual deposits in 5 years through 15? Use a uniform gradient amount (G) in your solution. $3,200 $2,800 $2,400 $2,000

younger brother's savings account, with the first deposit being made on your brother's fifth birthday and the last deposit being made on his fifteenth birthday. Then, beginning on his eighteenth birthday, the withdrawals as shown in the Cashflow Diagram will be made. If the effective annual interest rate is 8% during this time period, what are the annual deposits in 5 years through 15? Use a uniform gradient amount (G) in your solution. $3,200 $2,800 $2,400 $2,000

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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Give me right solution according to the question options also given A person deposits $150 per month into a savings account for 2 years. if $75 is withdrawn in months 5,7 and 8 (in addition to the deposits), construct the cash flow diagram to determine how much will be in the account after 2 years at i=8% per year, compound quarterly. Assume there is no interperiod interest. A. $ 2,045 B. $3609 C. $3090 D. $4050
Suppose you secure a home improvement loan in the amount of $5,000 from a local bank. The loan officer gives you the following loan terms:• Contract amount = $5,000• Contract period = 24 months• Annual percentage rate = 12%• Monthly installment = $235 .37Shown is the cash flow diagram for this loan. Construct the loan payment schedule by showing the remaining balance, interest payment, and principal payment at the end of each period over the life of the loan.
Please do both question They are easy I will definitely upvote u
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