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2. For the transactions shown below, determine the amount of money in the account at the end of year 3 if the interest rate

2. For the transactions shown below, determine the amount of money in the account at the end of year 3 if the interest rate is 8% per year. Assume no interperiod compounding. (draw the cash flow diagram(s)) End of Quarter 1 Amount of Deposit, $ Amount of Withdrawal, $ 500 234 700 350 550 7 1000 9 10 77 2600 980 1000

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