You have a goal of kayaking the waterways of North America when the time is right....
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You have a goal of kayaking the waterways of North America when the time is right. You are investing money now, so that you can cover your expenses during this time. Answer the questions below, rounding answers to two decimal places. (a) Consider this plan: you invest money now, let it earn interest for 5 years at 4% compounded each quarter and then start your adventure. During this time you withdraw $4300 at the end of each quarter for 3 years. How much money should be invested now to fund this plan? $ a) Suppose instead that you wait 10 years before beginning your adventure. After this time, you withdraw the same amount at the end of each quarter, also for 3 years. You obtain the same interest rate as in the previous part. How much money should be invested now to fund this plan? $ You have a goal of kayaking the waterways of North America when the time is right. You are investing money now, so that you can cover your expenses during this time. Answer the questions below, rounding answers to two decimal places. (a) Consider this plan: you invest money now, let it earn interest for 5 years at 4% compounded each quarter and then start your adventure. During this time you withdraw $4300 at the end of each quarter for 3 years. How much money should be invested now to fund this plan? $ a) Suppose instead that you wait 10 years before beginning your adventure. After this time, you withdraw the same amount at the end of each quarter, also for 3 years. You obtain the same interest rate as in the previous part. How much money should be invested now to fund this plan? $
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