1. Assume that you deposit $9,000 in each of years 1-13 in an account yielding 10.7%...

1. Assume that you deposit $9,000 in each of years 1-13 in an account yielding 10.7% interest compounded annually. 25 years from today you withdraw $18,000 from the account. How much will be in your account 35 years from today?

Assume that you make the following deposits in each of the years noted below in an account yielding 8.35 %

Year Cash Flow

0 through 14 $7,000 per year in each of those years

In year 15 you withdraw $19,000 from the account. How much will be in the account 25 years from today.

Expert Solution

jeff jeffy answered 1 year ago

Assume that you deposit $9,000 in each of years 1-13 in an account yielding 10.7% interest...

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