Jane Smart plans to make the following deposits in an account towards cash purchase of a real estate property. 3 EOY Deposit $22,000 1 $6,000 2 $14,000 4 $30,000 ... (a) How much money will the account have immediately after the last deposit if the account earns an interest rate of 10% per year? (b) What is the equivalent uniform annual deposit? 5 $38,000 a) The amount in the account after the last deposit is $125039 (to the nearest dollar).

Jane Smart plans to make the following deposits in an account towards cash purchase of a real estate property. 3 EOY Deposit $22,000 1 $6,000 2 $14,000 4 $30,000 ... (a) How much money will the account have immediately after the last deposit if the account earns an interest rate of 10% per year? (b) What is the equivalent uniform annual deposit? 5 $38,000 a) The amount in the account after the last deposit is $125039 (to the nearest dollar).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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