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03- You started a business @ and your income is as follows: - Year 1: $60 - Year 2: $80 - Year 3: $100 -
03- You started a business @ and your income is as follows: - Year 1: $60 - Year 2: $80 - Year 3: $100 - Year 4: $120 What would be the equivalent \"5\" year annuity (j,=10%)? Olin You are planning to have some retirement income and want to retire in 15 years. Until then you will need to make 15 annual deposits into an account. The rst deposit is $5k, and each subsequent deposit will increase at a 4% rate. Then come the good days, you retire, and you can have 20 equal annual withdrawals of $H (last withdrawal at the end of year 35). The interest rate is 6% (compounded annually). Calculate M draw the cash ow diagram
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