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Find the value of money (K) which can be withdrawn at the end of the 6th, 8th and 10th years, in order the value of
Find the value of money (K) which can be withdrawn at the end of the 6th, 8th and 10th years, in order the value of the cash flow diagram shown below to be zero at the end of the 10th year. Find the value of (K) without trial-and-error method? The annual nominal interest rate is 12%. A1 = 400 A2 = 650 G =45 A1+7G A,+6G A,+5G A,+4G A,+3G A1+2G A+G 0 1/2 1 1 1/2 2 21/2 3 31/2 4 41/2 5 51/2 61/2 7 71/2 81/2 9 91/2 10 A2 K K K
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