Matthew made the following deposits: Present – P80K, After 9 months - P50K, After 1 years the present - P20K, After 2.5 years the present – P70K and After 4 years the present P100K. Ten years from now, Matthew plans use the money to start a business. How much can he equally withdraw for 5 quarters if at 6% compounded semiannually? The 5 equal withdrawals will be made at the end of the 36th quarterly period? -

Matthew made the following deposits: Present – P80K, After 9 months - P50K, After 1 years the present - P20K, After 2.5 years the present – P70K and After 4 years the present P100K. Ten years from now, Matthew plans use the money to start a business. How much can he equally withdraw for 5 quarters if at 6% compounded semiannually? The 5 equal withdrawals will be made at the end of the 36th quarterly period? -

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 8EB: You put $600 in the bank for 3 years at 15%. A. If Interest Is added at the end of the year, how...

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