DRAW ALL CASH FLOW DIAGRAMS1. Barbara wants to triple the money currently in her account that earns 3.5% per year interest. How long doesshe need to wait?2. Joe deposits S8,000 right now and another $3,000 5 years from now. How much money will be in theaccount 12 years from now? Rate is 4% per year3. Joe (the same one above) deposits $8,000 now and withdraws $3,000 5 years from now. How much moneywill be in the account 12 years from now?4. Jane deposits $2,500 into an account that carns 4.5% per year. 3 years later, the interest rate goes up to 6.5%How much money she will have 8 years after the initial investment?5. Tim starts his freshman year and would like to take a trip to Europe upon graduation that will cost $5,600.How much he should be saving every year, including his senior year to be able to afford this trip. His bankaccount earns 4.5% per year interest.

“Since you have asked multiple questions, we will solve the first question for you. If you want any…

Barbara wants to triple the money currently in her account that earns 3.5% per year interest. How long c she need to wait? Joe deposits $8,000 right now and another $3,000 5 years from now. How much money will be in the account 12 years from now? Rate is 4% per year Joe (the same one above) deposits S8,000 now and withdraws $3,000 5 years from now. How much mor will be in the account 12 years from now? Jane deposits $2,500 into an account that earns 4.5% per year. 3 years later, the interest rate goes up to 6 How much money she will have 8 years after the initial investment? Tim starts his freshman year and would like to take a trip to Europe upon graduation that will cost $5,600 How much he should be ea ord this trin His han

Barbara wants to triple the money currently in her account that earns 3.5% per year interest. How long c she need to wait? Joe deposits $8,000 right now and another $3,000 5 years from now. How much money will be in the account 12 years from now? Rate is 4% per year Joe (the same one above) deposits S8,000 now and withdraws $3,000 5 years from now. How much mor will be in the account 12 years from now? Jane deposits $2,500 into an account that earns 4.5% per year. 3 years later, the interest rate goes up to 6 How much money she will have 8 years after the initial investment? Tim starts his freshman year and would like to take a trip to Europe upon graduation that will cost $5,600 How much he should be ea ord this trin His han

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

DRAW ALL CASH FLOW DIAGRAMS
1. Barbara wants to triple the money currently in her account that earns 3.5% per year interest. How long does
she need to wait?
2. Joe deposits S8,000 right now and another $3,000 5 years from now. How much money will be in the
account 12 years from now? Rate is 4% per year
3. Joe (the same one above) deposits $8,000 now and withdraws $3,000 5 years from now. How much money
will be in the account 12 years from now?
4. Jane deposits $2,500 into an account that carns 4.5% per year. 3 years later, the interest rate goes up to 6.5%
How much money she will have 8 years after the initial investment?
5. Tim starts his freshman year and would like to take a trip to Europe upon graduation that will cost $5,600.
How much he should be saving every year, including his senior year to be able to afford this trip. His bank
account earns 4.5% per year interest.

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