Assume that five months from today you plan to make the first of several quarterly deposits into
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Question:
What is the size your first withdrawal?
If your withdrawals were all the same size rather than shrinking, would your first withdrawal be larger or smaller than your answer in previous question? Assume nothing else changes.
Related Book For
Fundamentals of Financial Management
ISBN: 978-0324664553
Concise 6th Edition
Authors: Eugene F. Brigham, Joel F. Houston
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