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16. Jabari Williams wants to have $112,000 in his account exactly 20 years from today. The account earns 8% p.a. If Jabari makes a deposit
16. Jabari Williams wants to have $112,000 in his account exactly 20 years from today. The account earns 8% p.a. If Jabari makes a deposit into the account today and if he makes the exact same deposit into the account every year (with the last deposit made exactly 20 years from today), the size of his equal annual deposit must be at least $ a. 2,221.21 b. 2,644.12 c. 2,304.22 d. 2,447.45 e. 2,399.70 17. Suppose an investor is offered the following stream of cash flows: $7,500 per year for six years beginning exactly one year from today and an unknown amount to be received exactly seven years from today. If the investor is willing to pay no more than $40,100, then the cash flow in year 7 is $ . Assume a discount rate of 5.00% p.a. a. 2,859.66 b. 3,573.86 c. 2,256.98 d. 4,129.87 e. 4,500.00
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