Question
(1) You plan the following deposits into your bank account: $500 next year, $1,000 the following year and of 8%, what one-time deposit would
(1) You plan the following deposits into your bank account: $500 next year, $1,000 the following year and of 8%, what one-time deposit would you need to support the indicated withdrawals? Enter the rate, the c that all dollar figures in column B are displayed as positive values. (2) If the withdrawals in Question 1 were deposits instead and you could earn 8% per year, what would yo answer is displayed as a positive value. TVM MULTIPLE UNEVEN YEAR 1 1 2 3 4 5 CASH FLOW r 8% YR OF LAST CASH FLOW 3 FV PV
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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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