Assume that Mr. Danny starts now and makes five equal deposits of A=1000 per year into a 17% per year investment and withdraws the accumulated total immediately after the last deposit. Construct the cash flow diagram and solve the amount withdrawn.

Assume that Mr. Danny starts now and makes five equal deposits of A=1000 per year into a 17% per year investment and withdraws the accumulated total immediately after the last deposit. Construct the cash flow diagram and solve the amount withdrawn.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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UPVOTE WILL BE GIVEN. PLEASE WRITE THE COMPLETE SOLUTIONS AND DRAW THE CASH FLOW DIAGRAM. NO LONG EXPLANATION NEEDED. FOLLOW THE INSTRUCTIONS CAREFULLY. Calculate the future equivalent at the end of 2017, at 8% per year, of the following series of cash flows: [Use a uniform gradient amount (G) in your solution.]
Please answer bolt ahe answer.