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Consider that your savings account will have the following series of cash flows What...

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Accounting

Consider that your savings account will have the following series of cash flows

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What will be the value of C that makes the series of withdrawals equal to the series of deposits if the rate of return on your savings account is 6% Cash per month?

please show the procedure in detail

\begin{tabular}{|c|c|c|} \hline Endofthemonth & deposits & withdrawals \\ \hline 0 & $1.000.000 & \\ \hline 1 & $800.000 & \\ \hline 2 & $600.000 & \\ \hline 3 & $400.000 & \\ \hline 4 & $200.000 & \\ \hline 5 & & \\ \hline 6 & & C \\ \hline 7 & & 2C \\ \hline 8 & & 3C \\ \hline 9 & & 4C \\ \hline 10 & & 5C \\ \hline \end{tabular}

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