Identify the tvm problem types and show your work

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Reference no: EM132051506

You want to have $10,000 in 4 years. Your father will give you $4,000 in year 2 (this occurs only in year 2) to help you reach your goal. In addition to your father's money, you plan to make payments every 6 months at 8% until you reach your goal.

Assume your father's money is compounded at the same frequency as your payments.

What is the amount of these payments? Draw Timeline. Identify the TVM problem types and show your work.

Reference no: EM132051506

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