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Glass Company has decided to invest funds for the next 5 years so that development of glass is well funded in the future. This type

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Glass Company has decided to invest funds for the next 5 years so that development of glass is well funded in the future. This type of new-technology glass uses electro chrome to allow rapid adjustment to sun and dark in building glass, as well as assisting with heating and cooling cost reduction. The financial plan is to invest first, allow to occur, and then use the available funds in the future. All cash flow estimates $1000 units, and the interest rate expectation is 9% per year. Years 1 through 5: Invest $7000 decreasing by $1000 per year through year 5. Years 6 through 10: no new investment no withdrawals. Years 11 through 15: Withdraw 520.000 in year 11 through year 15. Determine if the anticipated withdrawals will be covered by the investment appreciation plans. If the withdrawal series is over- or underfunded, what is the exact available in year 11. provided all other estimates remain the same? Glass Company has decided to invest funds for the next 5 years so that development of glass is well funded in the future. This type of new-technology glass uses electro chrome to allow rapid adjustment to sun and dark in building glass, as well as assisting with heating and cooling cost reduction. The financial plan is to invest first, allow to occur, and then use the available funds in the future. All cash flow estimates $1000 units, and the interest rate expectation is 9% per year. Years 1 through 5: Invest $7000 decreasing by $1000 per year through year 5. Years 6 through 10: no new investment no withdrawals. Years 11 through 15: Withdraw 520.000 in year 11 through year 15. Determine if the anticipated withdrawals will be covered by the investment appreciation plans. If the withdrawal series is over- or underfunded, what is the exact available in year 11. provided all other estimates remain the same

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