What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 12% compounded quarterly? 0 I 12% Compounded quarterly $1,400 1 . 1 2 . I 3 I I I " 4 1 I The amount of the quarterly deposits A should be $ 1 1 A (Deposit) CICCCID Quarters. 6 5 1 Y i Y 7 1 1 K T $2,300 8 Q (Round to the nearest dollar.)

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the
cash flow diagram if the interest rate is 12% compounded quarterly?
0
1
I
1
Y
12% Compounded quarterly
$1,400
1
1
1
I
T
2
I
I
1
T
3
I
1
!
T
4
1
A
(Deposit)
SILD
Quarters
5 6
1
A
T
T
T
7
T
$2,300
8
Q
The amount of the quarterly deposits A should be $. (Round to the nearest dollar.)
Transcribed Image Text:What is the amount of the quarterly deposits A such that you will be able to withdraw the amounts shown in the cash flow diagram if the interest rate is 12% compounded quarterly? 0 1 I 1 Y 12% Compounded quarterly $1,400 1 1 1 I T 2 I I 1 T 3 I 1 ! T 4 1 A (Deposit) SILD Quarters 5 6 1 A T T T 7 T $2,300 8 Q The amount of the quarterly deposits A should be $. (Round to the nearest dollar.)
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