4. If an investor deposits $20,000 now, $10,000 two years from now and $5,000 per year for three years starting 4 years from now at an interest rate of 10%per year, how much can he withdraw every year forever beginning 12 years from now?

4. If an investor deposits $20,000 now, $10,000 two years from now and $5,000 per year for three years starting 4 years from now at an interest rate of 10%per year, how much can he withdraw every year forever beginning 12 years from now?

Financial Accounting Intro Concepts Meth/Uses

14th Edition

ISBN:9781285595047

Author:Weil

Publisher:Weil

ChapterA: Appendix - Time Value Of Cash Flows: Compound Interest Concepts And Applications

Section: Chapter Questions

Problem 11E

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4. If an investor deposits $20,000 now, $10,000 two years from now and $5,000 per year for
three years starting 4 years from now at an interest rate of 10%per year, how much can he
withdraw every year forever beginning 12 years from now?

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