You deposit $1,000 one year, $2000 next year and witdraw $1000 other year starting year 1 until year 30 with an interest rate of 5% one year, 7% next year and 6% other year. How much money will you have at the end of year thirty if there are different interest rates as shown in the diagram below? 1000 1000 1000 1000 5 29 30 0 1 2 5% I 7% 16% 16 27 26 28 5% I 7% I 6% 7% 6% 5% 7% 1%6 | F? 5% 1000 2000 1000 2000 2000 1000 2000 Select one: O a. 56187 O b. 55698 O c. 45000 O d. 47566 O e. 72333

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ISBN:9780470458365
Author:Erwin Kreyszig
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Q. 1
You deposit $1,000 one year, $2000 next year and witdraw $1000 other year starting year 1 until year
30 with an interest rate of 5% one year, 7% next year and 6% other year. How much money will you
have at the end of year thirty if there are different interest rates as shown in the diagram below?
1000
1000
1000
1000
....
0 1
5% I 7%
4
5
16
26
27
28 29
30
6%
5% 7%
| F?
5%
7%
6%
5%
7%
6%
%6
..
1000 2000
1000 2000
2000
1000 2000
Select one:
O a. 56187
O b. 55698
O c. 45000
O d. 47566
O e. 72333
Transcribed Image Text:You deposit $1,000 one year, $2000 next year and witdraw $1000 other year starting year 1 until year 30 with an interest rate of 5% one year, 7% next year and 6% other year. How much money will you have at the end of year thirty if there are different interest rates as shown in the diagram below? 1000 1000 1000 1000 .... 0 1 5% I 7% 4 5 16 26 27 28 29 30 6% 5% 7% | F? 5% 7% 6% 5% 7% 6% %6 .. 1000 2000 1000 2000 2000 1000 2000 Select one: O a. 56187 O b. 55698 O c. 45000 O d. 47566 O e. 72333
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