Question:

The expected yearly interest rate for a deposit account is

Last updated: 7/7/2022

The expected yearly interest rate for a deposit account is

The expected yearly interest rate for a deposit account is r1 from year 1 to year 5, and is r2 from year 6 to year 10. The total amount of cash that can be withdrawn at the end of year 10 is targeted to x dollars. To achieve this target, what is the amount of dollars that should deposited in year 0?