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How much going to have in the bank

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Problem 1: You sold a business and you are going to receive the following inflows as part of the deal for the coming 30 years. If you are going to invest it in XYZ bank which offers you the equivalent of 0.5% per month in interest how much you are going to have in the bank considering both principal and interest?

Years 1 to 4: $ 8,000
Years 5 to 10: $ 9,000
Years 11 to 12: $ 0 (zero)
Years 13 to 20: $ 10,000
Years 21 to 27: $12,000
Years 28 to 30: $ 15,000

Reference no: EM132912816

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