There is no interperiod compounding for the transactions shown. Your manager asks you to determine the amount of money in the account at the end of year 3 at an interest rate of 8% per year compounded semiannually. Draw the cash flow diagram and solve using

(a) tabulated factors, and

(b) a spreadsheet.

End of Amount of Amount of Quarter Deposit, $ Withdrawal, $

1 900 —

2–4 700 —

7 1000 2600 11 — 1000