Question
You invest $4500 today and plan to invest another $4000 three years from today. You plan to withdraw $8500 in n years and another
You invest $4500 today and plan to invest another $4000 three years from today. You plan to withdraw $8500 in n years and another $8500 in n + 4 years, exactly liquidating your investment account at that time. If the effective rate of discount is equal to 6%. find n. n= years.
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Get StartedRecommended Textbook for
Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
10th edition
978-0077511388, 78034779, 9780077511340, 77511387, 9780078034770, 77511344, 978-0077861759
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