Homework/ An electrical engineer wants to deposit an amount P now such that she can withdraw an equal annual amount of Al $2000 per year for the first 5 years, starting 1 year after the deposit, and a different annual withdrawal of A2 $3000 per year for the following 3 years. How would the cash flow diagram appear if i 8.5% per year?

Homework/ An electrical engineer wants to deposit an amount P now such that she can withdraw an equal annual amount of Al $2000 per year for the first 5 years, starting 1 year after the deposit, and a different annual withdrawal of A2 $3000 per year for the following 3 years. How would the cash flow diagram appear if i 8.5% per year?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 4MC: Refer to the present value table information on the previous page. What amount should Brett have in...

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