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1) A person invested SR X in an account that pays Y% compounded annually. The first withdraw happens at the end of year 3. The

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1) A person invested SR X in an account that pays Y% compounded annually. The first withdraw happens at the end of year 3. The payments increase at 5% every year until the end of 6th year. Thereafter, the payments decrease by SR Z every year. The planning horizon is W years. Calculate the value of the first withdraw such that this investment is attractive (Use PW analysis) Serial Number Value of x Value of Y Value of Z Value of W 26-30 and 45-49 2,200,000 15% 1,000 17 1) A person invested SR X in an account that pays Y% compounded annually. The first withdraw happens at the end of year 3. The payments increase at 5% every year until the end of 6th year. Thereafter, the payments decrease by SR Z every year. The planning horizon is W years. Calculate the value of the first withdraw such that this investment is attractive (Use PW analysis) Serial Number Value of x Value of Y Value of Z Value of W 26-30 and 45-49 2,200,000 15% 1,000 17

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