Question: Deposits $ 1 0 , 0 0 0 at the beginning of each year for ten years, into a financial instrument offering dividend rate of

Deposits $10,000 at the beginning of each year for ten years, into a financial instrument
offering dividend rate of 10% per year. He then withdraws annualized level payments of p starting at
the beginning of eleventh year and continuing for 15 years later, at dividend rate of 5% per year. At
the end of 25 years, the fund balance remains zero.
a.Calculate the present value of the annualized deposits he makes.
By using annuity due n=10 and i=10% we got $67590.24
b. Calculate the annualized level payment of withdraw, p
p=$16085.64.
c. Determine the balance of the fund at the end of 15 years starting from the year he makes his first.
deposit, just before the next sixth withdraw is being made.
Find c show the calculation detail.
Please check all the answer given.

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