Question: Suppose now your client would be able to get money from some benevolent friends at time 0 which she would deposit at time 0 at
Suppose now your client would be able to get money from some benevolent friends at time 0 which she would deposit at time 0 at 8.00% interest rate. At each of the times from time 6 to time 10 your client would withdraw the necessary $25,000 for her parents. How much should your client deposit at time 0 to be able to provide the necessary financial support and have zero balance in the bank account after the last amount provided
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