If purchasing power parity (ppp) holds, a bushel of rice costs $10 in the u. s., and the nominal exchange rate is 2 thai bhat per dollar, then the price of a bushel of rice in thailand must equal thai bhat.

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?