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could you answer 49 & 50 please 49. Daigo Dojima recently invested $5600 in a project that is promising to return 3.785 percent per year.
could you answer 49 & 50 please
49. Daigo Dojima recently invested $5600 in a project that is promising to return 3.785 percent per year. The cash flows are expected to be as follows: End of Year 1 2 3 4 5 Cash Flow $1000 950 875 ??? 850 Note that the 4th year cash flow is unknown. Assuming the present value of this cash flow stream is $5600 (that is, CF0= -5600), what is the missing cash flow value (that is, what is the cash flow at the end of the 4th year)? 50. Last week, Bayonetta opened a new wealth management account at the Capital Bank of Noatun to begin saving for retirement. Today, Bayonetta deposited $135,000 into her account. She then plans to make equal deposits into the account every month for the next 18 years (thus, Bayonetta will make a total of 216 equal deposits into her account with the first deposit to be made exactly one month from today). Exactly one month after her last deposit is made into the account, Bayonetta wants to withdraw $35,000 per month from the account for a total of 15 years (i.e., a total of 180 withdrawals). If Bayonetta believes she will earn 9.75% p.a. with monthly compounding on her account over the entire deposit and withdrawal period, what is the minimum amount that she must deposit every month during the deposit phase (i.e., for months 1 to 216) to achieve her withdrawal goal Step by Step Solution
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