Question: A deposit X made today and a second deposit, which is twice the first, made 6 years from now will provide for withdrawals of $1000

A deposit X made today and a second deposit, which is

A deposit X made today and a second deposit, which is twice the first, made 6 years from now will provide for withdrawals of $1000 two years from now and $5000 nice years from now. The effective annual interest rate is 2%.

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A deposit X made today and a second deposit, which is twice the rst, made 6 years from now will provide for withdrawals of $1000 two years from now and $5000 nine years from now. The effective annual interest rate is 2%. Which of the following is an incorrect equation of value for this problem. Possible Answers X(1.02)9 + 2X(1.02)3 = 1000(102)7 + 5000, at time 9. a X + 2X(1.02)6 = 1000(102)2 + 5000(1.02)9, at time 9. X + 2X06 = 10001;2 + 5000129, at time 0. a X + 2X(1.02)'6 = 1000(102)'2 + 5000(1.02)'9, at time 0. X [(1.02)9 + 2(1.02)3] = 1000(102)7 + 5000, at time 9

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