Question
(1) You plan the following deposits into your bank account: $500 next year, $1,000 the following year and $2, time deposit would you need
(1) You plan the following deposits into your bank account: $500 next year, $1,000 the following year and $2, time deposit would you need to support the indicated withdrawals? Enter the rate, the cash flows and the ans displayed as positive values. (2) If the withdrawals in Question 1 were deposits instead and you could earn 8% per year, what would your b displayed as a positive value. TVM MULTIPLE UNEVEN YEAR CASH FLOW r 1 $ 500.00 8% 2 $ 1,000.00 3 $ 2,000.00 245 YR OF LAST CASH FLOW FV PV $2,907.97 3 $3,663.20 $2,907.97
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
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