Question: ANCES View Heading 1 Dr Home Layout u 1 B 105 Q2: You wish to have $200.000 at the end of twenty years. In the

 ANCES View Heading 1 Dr Home Layout u 1 B 105

ANCES View Heading 1 Dr Home Layout u 1 B 105 Q2: You wish to have $200.000 at the end of twenty years. In the last five years, you withdraw $1,000 annually at a rate of 38% compounded quarterly. During the middle ten years, you contribute $500 monthly at a rate of 28 compounded semi-annually Given this information, determine the initial deposit that has to be made at the start of the first five years at a rate of 4% compounded monthly (Please letown PV, N, PT IY and FV to show your work progress with correct signa Total 30 Marks

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