3. How much do you need to deposit today (P) to withdraw B025,000 at n =1, BD3.000 at n= 2. and BD5.000 at n =4. if your
Posted: Sat Feb 19, 2022 2:41 pm
- 3 How Much Do You Need To Deposit Today P To Withdraw B025 000 At N 1 Bd3 000 At N 2 And Bd5 000 At N 4 If Your 1 (15.86 KiB) Viewed 55 times
- 3 How Much Do You Need To Deposit Today P To Withdraw B025 000 At N 1 Bd3 000 At N 2 And Bd5 000 At N 4 If Your 2 (26.28 KiB) Viewed 55 times
4. Suppose you make an annual contribution of BD100 each year to a college education fund for a niece. She is 4 years old now, and you will start next year and make the last deposit when she is 18. The fund is a money market account earning 6.5%dyear What will it be worth immediately after the last deposit? You may also set up spreadsheet solution (20 marks)