Two receipts of $1,000 each are desired at the EOYS 10 and 11. To make these receipts possible, four EOY annuity amounts will be deposited in a bank at EOYS 2,3,4, and 5. The bank's interest rate (i)...

please solve this problem as fas as you can.Two receipts of $1,000 each are desired at the EOYS 10 and 11. To make these<br>receipts possible, four EOY annuity amounts will be deposited in a bank at EOYS<br>2,3,4, and 5. The bank's interest rate (i) is 12% per year.<br>(a) Draw a cash-flow diagram for this situation.<br>(b) Determine the value of A that establishes equivalence in your cash-flow<br>diagram.<br>(c) Determine the lump-sum value at the end of year 11 of the completed cash-<br>flow diagram based on your answers to Parts (a) and (b).<br>

Extracted text: Two receipts of $1,000 each are desired at the EOYS 10 and 11. To make these receipts possible, four EOY annuity amounts will be deposited in a bank at EOYS 2,3,4, and 5. The bank's interest rate (i) is 12% per year. (a) Draw a cash-flow diagram for this situation. (b) Determine the value of A that establishes equivalence in your cash-flow diagram. (c) Determine the lump-sum value at the end of year 11 of the completed cash- flow diagram based on your answers to Parts (a) and (b).

Jun 09, 2022
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