suppose you want to be able to withdraw 5,000 at the end of 5 years and withdraw 6,000 at the end of 6 years, leaving with a zero balance in the account after the last withdrawal. If you can earn 5% on you balances, how much must you deposit today, to satisfy your withdrawal needs?

FORMULAS

6. Suppose you want to be able to withdraw 5 009 at the end of five years and withdraw 6 000 at the end of six years, leaving a zero balance in the account after the last withdrawal. If you can earn 5% on your balances, how much must you deposit today, to satisfy your withdrawal needs? (5 pts.) >