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What amount should be deposited today in an investment account, which offers a return ( interest ) of 1 5 % per year in the
What amount should be deposited today in an investment account, which offers a return interest of per year in the first year and per year in the following years, so that $ can be withdrawn at the end of the year $ at the end of year and $ at the end of year and the account remains at zero?
As you will notice, the rate i that we used is no longer fixed, in this problem you have several rates, so now you must use the factor below to give each period the corresponding rate.
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