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Dwayne currently has $126,150 in an account that pays 8.25% p.a. Dwayne plans to withdraw $25,400 from his account at the end of years 2,
Dwayne currently has $126,150 in an account that pays 8.25% p.a. Dwayne plans to withdraw $25,400 from his account at the end of years 2, 4, 6, 8 and 10 and he plans to deposit $14,800 into his account at the end of years 3, 5, 7, 9 and 11. If, after the year 11 deposit, Dwayne does not make any further deposits or withdrawals, and if his account earns 8.25% p.a. over the entire time period, how much will Dwayne have in his account exactly 25 years from today?
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