Question: I need 5 . 2 1 , not 2 . 3 2 ! ! ! 5 . 2 1 Repeat Problem 2 . 3 2

I need 5.21, not 2.32!!!
5.21 Repeat Problem 2.32(a) for continuous compounding.
Ans. $167884.49
2.32 Ms. Frank is planning for a 25-year retirement period and wishes to withdraw a portion of her savings at
the end of each year. She plans to withdraw $10000 at the end of the first year, and then to increase the
amount of the withdrawal by $1000 each year, to offset inflation. How much money should she have in
her savings account at the start of the retirement period, if the bank pays (a)9% compounded annually?
Ans. (a) $175152.28
 I need 5.21, not 2.32!!! 5.21 Repeat Problem 2.32(a) for continuous

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