Question 4 1 pts Suppose the interest rate is always 5.3%. Your grandparents deposit $542,832 at a bank for you. The bank agrees that starting 15 years from now you and or offspring can withdraw a fixed amount of cash each year forever. Find the amount of the yearly cash flow. [Hints/Example] Hint: First find the FV of the deposit a year before the first cash flow comes Example: Suppose the interest rate is always 4.3%. Your grandparents deposit $515203 at a bank for you. The bank agrees that starting 19 years from now you and or offspring can withdraw a fixed amount of cash forever. Find the amount of the yearly cash flow. Solution: First, find the value of the deposit 18 years from now: V: $515203*(1+4.3%)** -$1099248.63. ! DI DD 00 F7 F6 FA 1 & 7 * 00 ( 9 6 ) O N 8 F