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Assume that you want to deposit an amount (P) Assume that you want to deposit an amount (P) into an account two years from now
Assume that you want to deposit an amount (P) Assume that you want to deposit an amount (P) into an account two years from now in order to be able to into an account two years from now in order to be able to withdraw $400 per year for five years starting three years withdraw $400 per year for five years starting three years from now. Assume that the interest rate is 5.5% per year. from now. Assume that the interest rate is 5.5% per year. Construct the cash flow diagram.
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