Question: Show the cash flow diagram and complete solution Prudential Realty has an escrow account for one of its property management clients that contains $18,000. How

Show the cash flow diagram and complete solution

Prudential Realty has an escrow account for one of its property management clients that contains $18,000. How long will it take to deplete the account if the client withdraws $6,000 now, $5,500 one year from now, and amounts decreasing by $500 each year? Assume the account earns interest at a rate of 8% per year.

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