You invest $5000 today and plan to invest another $4000 four years from today. You plan to withdraw $9000 in n years and another $9000 in n + 5 years, exactly liquidating your investment account at that time. If the effective rate of discount is equal to 5%. find n. n=14.1383 years.
You invest $5000 today and plan to invest another $4000 four years from today. You plan to withdraw $9000 in n years and another $9000 in n + 5 years, exactly liquidating your investment account at that time. If the effective rate of discount is equal to 5%. find n. n=14.1383 years.
Chapter11: Capital Budgeting Decisions
Section: Chapter Questions
Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....
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![You invest $5000 today and plan to invest another $4000 four years from today. You plan to withdraw $9000 in n years and.
another $9000 in n + 5 years, exactly liquidating your investment account at that time. If the effective rate of discount is equal to 5%. find n.
n= 14.1383
years.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd4d7deb1-8be3-4f44-9df9-ab2067ff900b%2F82fc809b-b98a-4dbd-99a5-6e1d30be7cd3%2Fpubffae_processed.jpeg&w=3840&q=75)
Transcribed Image Text:You invest $5000 today and plan to invest another $4000 four years from today. You plan to withdraw $9000 in n years and.
another $9000 in n + 5 years, exactly liquidating your investment account at that time. If the effective rate of discount is equal to 5%. find n.
n= 14.1383
years.
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