For the cash flow sequence shown below (in $1000), determine the amount of money that can be withdrawn annually for an infinite period of time, if the first withdrawal is to be made in year 10 and the interest rate is 10% per year.

Year 1 2 3 4 5
Deposit, $ 100 90 80 70 60

Answer rating: 100% (QA)

PV of deposits 10011 90112 80113 70114 60115 thousands of dollar 310461 Worth a... View the full answer