You plan to make a series of deposits in an interest bearing account. You will deposit $ 1,000 today, $ 2,000 at the end
Posted: Thu May 19, 2022 11:21 am
You plan to make a series of deposits in an interest bearing account. You will deposit $ 1,000 today, $ 2,000 at the end of year 2 and $ 8,000 at the end of year 5. If you withdraw $ 3,000 at the end of 3 and $ 5,000 at the end of year 7.
(a) How much will you have after eight years if the interest rate is 9 percent?
(b) What is the present value of this cash flow?
(a) How much will you have after eight years if the interest rate is 9 percent?
(b) What is the present value of this cash flow?