project mang

5) a) Suppose a father, on the day his son is born , wishes to determine what Tump sum he has to deposit into an account bearing 5% interest n order to provide payments of S2000 on each sons 18 th, 19th, 20 th, and 21. birthdays. Wir son does not withdraw it but at the end of 21 st year he withdraws it and immediately deposit it into bank 5% interest, find the money at end of 24 years. Draw the cash flow diagram. (35)