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only use the interest compounding method (not the simple method) Today you have decided to elaborate a plan for your personal finances. You expect the
only use the interest compounding method (not the simple method) Today you have decided to elaborate a plan for your personal finances. You expect the following end of the year cash flows: an expense of 21,163 dollars two years from now, both a receivable of 27,437 and an expense of 21,452 dollars four years from now, and an expense of 19,297 dollars six years from now. How much money do you need to deposit today in order to honor these future financial obligations if your savings account yields 4% per year? Only a single deposit today is allowed; no other option available. (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas)
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