A man opened an account 200 000 $ in the bank today at the rate of 3%% per annum. After two years, he deposits another 400 000 $. Five years after this last deposit, he will withdraw 500 000 $. How much does he have on his account 10 years after he opened the account? Show cash flow diagram.

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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A man opened an account 200 000 $ in the bank today at the rate of 3%% per annum. After two years, he deposits another 400 000 $. Five years after this last deposit, he will withdraw 500 000 $. How much does he have on his account 10 years after he opened the account? Show cash flow diagram.

 

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