If you want to withdraw $10,000 at the end of two years and $35,000 at the end

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If you want to withdraw $10,000 at the end of two years and $35,000 at the end of four years, how much should you deposit now into an account that pays 9% interest compounded annually? See the accompanying cash flow diagram.

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Fundamentals of Engineering Economics

ISBN: 978-0132775427

3rd edition

Authors: Chan S. Park

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Question Posted: Oct 12, 2018 01:53 PM

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If you want to withdraw $10,000 at the end of two years and $35,000 at the end

Question:

$35,000 $10,000 1 2 3 Years P = ?

Step by Step Answer:

P 35000PF 9 ...View the full answer

Fundamentals of Engineering Economics

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