Matthew made the following deposits: Present - 50K, After 9 months - 60K, After 1 years the present - 30K, After 2.5 years the present - 80K and After 4 years the present - 90K. Ten years from now, Matthew plans use the money to start a business.

How much can he equally withdraw for 5 quarters if at 6% compounded semiannually? The 5 equal withdrawals will be made at the end of the 36th quarterly period?

Answer rating: 100% (QA)

Answer Explanation i First of all you have to calculate future valu... View the full answer