DRAW ALL CASH FLOW DIAGRAMS1. Barbara wants to triple the money currently in her account that earns 3.5% per year interest. How long doesshe need to wait?2. Joe deposits S8,000 right now and another $3,000 5 years from now. How much money will be in theaccount 12 years from now? Rate is 4% per year3. Joe (the same one above) deposits $8,000 now and withdraws $3,000 5 years from now. How much moneywill be in the account 12 years from now?4. Jane deposits $2,500 into an account that carns 4.5% per year. 3 years later, the interest rate goes up to 6.5%How much money she will have 8 years after the initial investment?5. Tim starts his freshman year and would like to take a trip to Europe upon graduation that will cost $5,600.How much he should be saving every year, including his senior year to be able to afford this trip. His bankaccount earns 4.5% per year interest.

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Barbara wants to triple the money currently in her account that earns 3.5% per year interest. How long c she need to wait? Joe deposits $8,000 right now and another $3,000 5 years from now. How much money will be in the account 12 years from now? Rate is 4% per year Joe (the same one above) deposits S8,000 now and withdraws $3,000 5 years from now. How much mor will be in the account 12 years from now? Jane deposits $2,500 into an account that earns 4.5% per year. 3 years later, the interest rate goes up to 6 How much money she will have 8 years after the initial investment? Tim starts his freshman year and would like to take a trip to Europe upon graduation that will cost $5,600 How much he should be ea ord this trin His han

Barbara wants to triple the money currently in her account that earns 3.5% per year interest. How long c she need to wait? Joe deposits $8,000 right now and another $3,000 5 years from now. How much money will be in the account 12 years from now? Rate is 4% per year Joe (the same one above) deposits S8,000 now and withdraws $3,000 5 years from now. How much mor will be in the account 12 years from now? Jane deposits $2,500 into an account that earns 4.5% per year. 3 years later, the interest rate goes up to 6 How much money she will have 8 years after the initial investment? Tim starts his freshman year and would like to take a trip to Europe upon graduation that will cost $5,600 How much he should be ea ord this trin His han

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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