suppose you make 2 annual $10,000 payments, the first one starting at the beginning of...
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Finance
suppose you make 2 annual $10,000 payments, the first one starting at the beginning of year 5 (end of year 4). To accumulate the money to make these payments, you want to make 4 equal payments into an investment account, the first to be made one year from today. Assuming a 10% rate of return, what is the amount of these 4 investment payments?
a. 4110
b. 4114
c. 4118
d. 4122
Please show your work!
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