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A depositor planned to leave $2 000 in a saving and loan association paying nominal rate of 4.50%, compounded semi-annually for a period of 5 years. However, at the end of 2-1/2 years, he had to withdraw $1 000 for emergency. What will he have in his account at the end of the original 5-year period? O a. $1 288.75 O b. $1 380.73 O c. $1 235.36 O d. $1 660.67 O e. $1450.76

A depositor planned to leave $2 000 in a saving and loan association paying nominal rate of 4.50%, compounded semi-annually for a period of 5 years. However, at the end of 2-1/2 years, he had to withdraw $1 000 for emergency. What will he have in his account at the end of the original 5-year period? O a. $1 288.75 O b. $1 380.73 O c. $1 235.36 O d. $1 660.67 O e. $1450.76

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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A depositor planned to leave $2 000 in a saving and loan association paying nominal rate of 4.50%, compounded semi-annually for a period of 5 years. However, at the end of 2-1/2 years, he had to withdraw $1 000 for emergency. What will he have in his account at the end of the original 5-year period? O a. $1 288.75 O b. $1 380.73 O c. $1 235.36 O d. $1 660.67 O e. $1 450.76
Transcribed Image Text:A depositor planned to leave $2 000 in a saving and loan association paying nominal rate of 4.50%, compounded semi-annually for a period of 5 years. However, at the end of 2-1/2 years, he had to withdraw $1 000 for emergency. What will he have in his account at the end of the original 5-year period? O a. $1 288.75 O b. $1 380.73 O c. $1 235.36 O d. $1 660.67 O e. $1 450.76
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