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PROBLEM ( 1 - 4 ) ( 1 ) You plan the following deposits into your bank account : $ 5 0 0 next year,

PROBLEM (1-4)
(1) You plan the following deposits into your bank account : $500 next year, $1,000 the following year and $2,000 the year after that. If you can
4 earn an annual rate of return of 8%, what one-time deposit would you need to support the indicated withdrawals? Enter the rate, the cash flows and
the answer in the indicated cells in column B. Be sure that all dollar figures in column B are displayed as positive values.
(2) If the withdrawals in Question 1 were deposits instead and you could earn 8% per year, what would your balance be immediately after your last
deposit? Be sure that your answer is displayed as a positive value.
TVM MULTIPLE UNEVEN
(3) If you were to make annual deposits of $100 over the next 15 years earning 10% per year, what would your balance be immediately after making
your final deposit? Enter the inputs into the appropriate cells in column B and set this up so that your answer is displayed as a positive value.
(4) If you wanted to make annual withdrawals of $100 over the next 15 years, earning 10% per year, what one-time deposit would you need to make
22 today? Use the inputs from column B from question #3 and set this up so that your answer is displayed as a positive value.
PMT
YEARS
RATE
$100.00
15
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