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2.9 Onkel Hans, the Official Mascot of Kitchener-Waterloo Oktoberfest, has $6000 now. In three months, he will receive a cheque for $2000. He must pay
2.9 Onkel Hans, the Official Mascot of Kitchener-Waterloo Oktoberfest, has $6000 now. In three months, he will receive a cheque for $2000. He must pay $900 at the end of each month (starting exactly one month from now). Draw a single cash flow diagram illustrating all of these payments for a total of six monthly periods. Include his cash on hand as a payment at time 0.
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