Question: How would I go about this solving using the PV and PMT function since there's a deposit/withdrawal? terest rate eamed on investment ears of deposit
How would I go about this solving using the PV and PMT function since there's a deposit/withdrawal?
terest rate eamed on investment ears of deposit nnual deposit ears of college nnual cost of college 8% 6,227.78 4 20,000.00 ill out the table and use DatelSolver to solve the problem Account balance on birthday, before deposit/withdrawal Deposit or withdrawal Account balance, after Account balance, End of year balance, with interest Birthday on each birthdaylat beginning of year deposit/withdrawal, at the beg. of year 10 0.00 6,726.00 13,990.08 21,835.28 30,308.10 39,458.75 49,341.45 60,014.76 71,541.94 55,665.29 38,518.52 20,000.00 6,227.78 6,227.78 6,227.78 6,227.78 6,227.78 6,227.78 6,227.78 6,227.78 (20,000.00) (20,000.00) 20,000.00) 20,000.00 6,227.78 12,953.77 20,217.85 28,063.06 36,535.88 45,686.52 55,569.22 66,242.54 51,541.94 35,665.29 18,518.52 0.00 6,726.00 13,990.08 21,835.28 30,308.10 39,458.75 49,341.45 60,014.76 71,541.94 55,665.29 38,518.52 20,000.00 0.00 12 13 15 17 18 19 20 21 olve the problem using PV0 and PMTO PV of college cost at 18th birthday Annual deposit
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