Question: Use 4 decimal places in between process and 2 decimal for the final answer. Please show the cash flow diagram 2. A young man has

Use 4 decimal places in between process and 2 decimal for the final answer. Please show the cash flow diagram

the final answer. Please show the cash flow diagram 2. A young

2. A young man has decided to go into the business at the age of 25, he deposits a certain amount and will increase the deposit by 50,000 each year until the age of 40 to reach 5M on that age. If the fund can be invested at 15% compounded annually, how much should his initial investment be? DRAW THE CASH FLOW DIAGRAM

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