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How much can he equally withdraw

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Question - Matthew made the following deposits: Present - 50K, After 9 months - 60K, After 1 years the present - 30K, After 2.5 years the present - 80K and After 4 years the present - 90K. Ten years from now, Matthew plans use the money to start a business. How much can he equally withdraw for 5 quarters if at 6% compounded semiannually? The 5 equal withdrawals will be made at the end of the 36th quarterly period?

Reference no: EM132986713

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