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2. A ne deposit an annual saving amount for 25 years in order to r during retirement. The withdrawal will starts one year after the
2. A ne deposit an annual saving amount for 25 years in order to r during retirement. The withdrawal will starts one year after the w graduate wants to withdraw $25,000 per year retin last deposit. The graduate uses 8% per year interest rate. a) Draw the cash flow diagram
How much does the graduate need to deposit if the withdrawal period is planned to be very long?
Write the AW equation
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There are 3 Steps involved in it
Step: 1
a To create the cash flow diagram we can start by indicating the annual saving amount deposited by t...
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Finite Mathematics For Business Economics Life Sciences And Social Sciences
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
14th Edition
0134862627, 9780134862620
