Homework Answers
1) The amount to be withdrawn at the end of year 10 is the future worth of this series
FW = 9000(F/A, 8%, 10) - 300(P/G, 8%, 10)(F/P, 8%, 10)
= 9000*14.4866 - 300*25.9768*2.1589
= 113555
2) Uniform annual deposits = FW(A/F, 8%, 10)
= 113555*0.06903
= 7839
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