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If Madinah Plastic Industry saves $300,000 in years 1 through 3, $330,000 in year 4, and constant amounts increasing by $30,000 each year through year
If Madinah Plastic Industry saves $300,000 in years 1 through 3, $330,000 in year 4, and constant amounts increasing by $30,000 each year through year 20, The interest rate is 10% per year. a) Draw the Cash Flow Diagram. b) What is the equivalent annual worth over the 20 years of the savings? A person deposits $5000 into an account which pays interest at a rate of 10% per year. What is the amount in the account after 10 years
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