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Eva8 [605]
2 years ago
14

Assume that you will be opening a savings account today by depositing $100,000. The savings account pays 5 percent compound annu

al interest, and this rate is assumed to remain in effect for all future periods. Four years from today you will withdraw R dollars. You will continue to make additional annual withdrawals of R dollars for a while longer – making your last withdrawal at the end of year 9 – to achieve the following pattern of cash flows over time. (Note: Today is time period zero; one year from today is the end of time period 1; etc.) How large must R be to leave you with exactly a zero balance after your final R withdrawal is made at the end of year 9? (Tip: Making use of an annuity table or formula will make your work a lot easier!)
Business
1 answer:
Oksi-84 [34.3K]2 years ago
7 0

Answer:

5000

Explanation:

100,000x5%= 5000

5000x4 years= 20,000x5%= 1000

5000x5=25,000x5%= 1250

1250+ 1000= 2250

R= 1750

5000-2250-1000= 1750

I might be wrong

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Answer:

problems

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pf

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3 years ago
One way to make it easier to track your progress toward success is A. offer stock to the public. B. improve your product. C. to
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The correct option is D.
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4 years ago
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Anton [14]

Answer:

84.29%

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4 0
4 years ago
Both Bond Sam and Bond Dave have 8 percent coupons, make semiannual payments, and are priced at par value. Bond Sam has 3 years
Natali5045456 [20]

Answer: -12.1%

Explanation:

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4 0
3 years ago
Sturdy Construction has been a successful, small, home-building firm for years. The owner pays subcontractors slightly more than
bazaltina [42]

In this case, the Sturdy Construction is engaging in an effective supply chain management.

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