You plan to make a series of deposits in an individual retirement account. You will deposit ($1,000)

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You plan to make a series of deposits in an individual retirement account. You will deposit \($1,000\) today,

\($2,000\) in two years, and \($2,000\) in five years. If you withdraw \($1,500\) in three years and \($1,000\) in seven years, assuming no withdrawal penalties, how much will you have after eight years if the interest rate is 7 percent? What is the present value of these cash flows?

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Fundamentals Of Corporate Finance

ISBN: 9780072313000

5th Edition

Authors: Stephen A Ross, Randolph W Westerfield

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