You deposit $2,000 one year and $1000 next year starting year 1 until year 30 with an interest rate of 5% one year and 7% other year. How much money will you have at the end of year thirty if there are different interest rates after year 30 as shown in the diagram below? 0 1 2 3 4 26 27 28 29 30 5% I 7% I 5% | F? 7% 5% 7% 5% %7 2000 1000 2000 1000 1000 2000 1000 2000 1000 Select one: O a. 117724 O b. 90000 c. 120408 O d. 106141 e. 18050

You deposit $2,000 one year and $1000 next year starting year 1 until year 30 with an interest rate of 5% one year and 7% other year. How much money will you have at the end of year thirty if there are different interest rates after year 30 as shown in the diagram below? 0 1 2 3 4 26 27 28 29 30 5% I 7% I 5% | F? 7% 5% 7% 5% %7 2000 1000 2000 1000 1000 2000 1000 2000 1000 Select one: O a. 117724 O b. 90000 c. 120408 O d. 106141 e. 18050

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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