For the transactions shown below, determine the amount of money in the account at the end of year 3 if the interest rate is 10% per year, compounded semiannually. Assume no inter period compounding. Draw the cash flow diagram. End of Quarter Amount of Deposit. $/Quarter Amount of Withdrawal, $/Quarter 950 1050 1200 2000 1200 1 2-5 8 11

For the transactions shown below, determine the amount of money in the account at the end of year 3 if the interest rate is 10% per year, compounded semiannually. Assume no inter period compounding. Draw the cash flow diagram. End of Quarter Amount of Deposit. $/Quarter Amount of Withdrawal, $/Quarter 950 1050 1200 2000 1200 1 2-5 8 11

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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