2. A ne deposit an annual saving amount for 25 years in order to r during retirement. The withdrawal will starts one year after the w graduate wants to withdraw $25,000 per year retin last deposit. The graduate uses 8% per year interest rate. a) Draw the cash flow diagram 

How much does the graduate need to deposit if the withdrawal period is planned to be very long? 

Write the AW equation 

Answer rating: 100% (QA)

a To create the cash flow diagram we can start by indicating the annual saving amount deposited by t... View the full answer