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PLEASE ANSWER THIS CORRECTLY. UPVOTE FOR A RIGHT PROCESS OF SOLUTION If the interest rate is 13% compounded semi-annually made on the account, and the
PLEASE ANSWER THIS CORRECTLY. UPVOTE FOR A RIGHT PROCESS OF SOLUTION
If the interest rate is 13% compounded semi-annually made on the account, and the obligations are given below:
Deposit of $13,521 at the end of 3 and a half years.
withdrawal of $20,812 at the end of 5 years.
Semi-annual deposit of a perpetuity of $1,200 starting at the end of 6 and a half years.
Determine the following:
a. Present value of all the obligations made on the account.
b. Additional amount of withdrawal at the end of 5 years to balance the cash flows?
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