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Morris Glass Company has decided to invest funds for the next 5 years so that the development of smart glass is well funded in

 

Morris Glass Company has decided to invest funds for the next 5 years so that the development of "smart" glass is well funded in the future. This type of new-technology glass uses electro-chrome coating to allow rapid adjustment to sun and dark in building glass, as well as assisting with internal heating and cooling cost reduction. The financial plan is to invest first, allow appreciation to occur, and then use the available funds in the future. All cash How estimates arc in $1000 units and the interest rate expectation is 8% per year. - Years 1 through 5: invest $7000 in year 1. decreasing by $1000 per year through -year 5 Years 6 through 10 No new investment and no withdrawals. -Years 11 through 15: Withdraw $20,000 in year 11. decreasing 20% per year through year 15. Determine if the anticipated withdrawals will be covered by the investment and appreciation plans. If the withdrawal series is over or underfunded, what is the exact amount available in year 11, provided all other estimates remain the same?

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Given that Withdraw 20000 in year 11 decreasing 20 per year through year 15 But the 20 is of the year 11 th or 20 of teh previous withdrawal has not b... blur-text-image

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