You invest $5000 today and plan to invest another $4000 four years from today. You plan to withdraw $9000 in n years and another $9000 in n + 5 years, exactly liquidating your investment account at that time. If the effective rate of discount is equal to 5%. find n. n=14.1383 years.

You invest $5000 today and plan to invest another $4000 four years from today. You plan to withdraw $9000 in n years and another $9000 in n + 5 years, exactly liquidating your investment account at that time. If the effective rate of discount is equal to 5%. find n. n=14.1383 years.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 6MC: You want to invest $8,000 at an annual Interest rate of 8% that compounds annually for 12 years....

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You invest $5000 today and plan to invest another $4000 four years from today. You plan to withdraw $9000 in n years and.
another $9000 in n + 5 years, exactly liquidating your investment account at that time. If the effective rate of discount is equal to 5%. find n.
n= 14.1383
years.

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