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Please solve both parts a) Amirah has given herself five years to save $ 60,000 to buy a commercial property in Hong Kong for her
Please solve both parts
a) Amirah has given herself five years to save $ 60,000 to buy a commercial property in Hong Kong for her business. She plans to make annual deposits in an account paying 10 percent per annum. If she makes her first deposit at the end of this year, what amount does she need to deposit every year to get the required amount of $60,000 at the end of five-year period? (4 marks) b) The table below shows a mixed cash flows stream starting in 1 year, except that the cash flows for year 4 is missing Year 1 $ 11,000 Year 2 4,000 Year 3 25,000 Year 4 Year 5 6,000 Suppose you somehow know that the present value of the entire stream is $ 35,000 and that is discount rate is 4%. What the amount of the missing cash flows in year 4? ko marks) [Total: 10 marksStep by Step Solution
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