Calculate the present worth of five equal annual deposits


Calculate the present worth of five equal annual deposits of $1,150 at the end of years 1 through 5, followed by the 4 equal annual withdrawals of $700 at the end of years 4 through 7. Note that both years 4 and 5 will have a deposit and a withdrawal, which is having the interest 5%.

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Macroeconomics: Calculate the present worth of five equal annual deposits
Reference No:- TGS0871771

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