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A deposit of 2000$ is made to open an account on March 1,2006. Monthly deposits of 500$ are then made for 6 years, starting April
A deposit of 2000$ is made to open an account on March 1,2006. Monthly deposits of 500$ are then made for 6 years, starting April 1, 2006 . starting April 1.2011, the first of a sequence of 20 monthly withdrawals of 1000$ is made. Determine the balance in the account on December 1,2013 ,assuming j12 =12% ?
Handwriting solution if possible please. Thanks
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