Question
1A. Kiala wishes to accumulate $4000 in todays dollars in 5 annual deposits beginning immediately with the deposits earning 6% after-tax rate of return with
1A. Kiala wishes to accumulate $4000 in todays dollars in 5 annual deposits beginning immediately with the deposits earning 6% after-tax rate of return with an inflation rate of 5%. What will be the size of the first and second deposits?
1B. Sebastian wishes to accumulate $4000 in todays dollars in 5 annual deposits at the end of each year with the deposits earning 6% after-tax rate of return with an inflation rate of 5%. What will be the size of the first and second deposits?
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
