Give me right solution according to the question options also given A person deposits $150 per month into a savings account for 2 years. if $75 is withdrawn in months 5,7 and 8 (in addition to the deposits), construct the cash flow diagram to determine how much will be in the account after 2 years at i=8% per year, compound quarterly. Assume there is no interperiod interest. A. $ 2,045 B. $3609 C. $3090 D. $4050
Give me right solution according to the question options also given A person deposits $150 per month into a savings account for 2 years. if $75 is withdrawn in months 5,7 and 8 (in addition to the deposits), construct the cash flow diagram to determine how much will be in the account after 2 years at i=8% per year, compound quarterly. Assume there is no interperiod interest. A. $ 2,045 B. $3609 C. $3090 D. $4050
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Give me right solution according to the question options also given
A person deposits $150 per month into a savings account for 2 years. if $75 is withdrawn in months 5,7 and 8 (in addition to the deposits), construct the cash flow diagram to determine how much will be in the account after 2 years at i=8% per year, compound quarterly. Assume there is no interperiod interest.
A. $ 2,045
B. $3609
C. $3090
D. $4050
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