A person deposits $3,000 in an account each year for five years (starting at the end of year one). At the end of the fifth year, one-half of the account balance is with additional payments in years 11-15 a. Choose the correct cash flow diagram b. If the account earns interest at the rate of 3% per year, how much is withdrawn at the end of five years? If the account continues to earn interest at the rate of 3% per year how much is withdrawn at the end of 15 vears? Click the icon to view the interest and annuity table for discrete compounding when i = 3% per year. a. Choose the correct cash flow diagram below. . oc. b. The amount of s c. The amount of is withdrawn at the end of 5 years is withdrawn at the end of 15 years account balance is withdrawn: $6,000 is deposited annually for five more years (starting in the 6 year), with the total balance withdrawn at the end of the fifteenth year. There are no BK OK OK OK OK 2 3 4 P07 8 10 11 12 13 14 the fifth year, one-half of the account balance is withdrawn, S6,000 is deposited annually for five more years (s i More Info Discrete Compounding; i -3% Single Payment Uniform Series Compound Compound Capital Amount Present Amount Present Sinking Fund Recovery Factor Worth Factor Factor Worth Factor Factor Factor To Find F To Find P To Find F To Find P To Find A To Find A Given P Given F Given A Given A Given F Given P FIP PIE FIA PIA A/F A/P 1.0300 0.9709 1.0000 0.9709 1.0000 1.0300 1.0609 0.9426 2.0300 1.9135 0.4926 0.5226 1.0927 0.9151 3.0909 2.8286 0.3235 0.3535 1.1255 0.8885 4.1836 3.7171 0.2390 0.2690 1.1593 0.8626 5.3091 4.5797 0.1884 0.2184 1.1941 0.8375 6.4684 5.4172 0.1546 0.1846 1.2299 0.8131 7.6625 6.2303 0.1305 0.1605 1.2668 0.7894 8.8923 7.0197 0.1125 0.1425 1.3048 0.7664 10.1591 7.7861 0.0984 0.1284 1.3439 0.7441 11.4639 8.5302 0.0872 0.1172 1.3842 0.7224 12.8078 9.2526 0.0781 0.1081 14258 0.7014 14.1920 9.9540 0.0705 0.1005 1.4685 0.6810 15 6178 10.6350 0.0640 0.0940 1.5126 0.6611 17.0863 11.2961 0.0585 0.0885 1.5580 0.6419 18.5989 11.9379 0.0538 0.0838 1.6047 0.6232 20.1569 125611 0.0496 0.0796 1.6528 0.6050 21.7616 13.1661 0.0460 0.0760 1.7024 0.5874 23.4144 13.7535 0.0427 0.0727 1.7535 0.5703 25.1169 14.3238 0.0398 0 0699 1.8061 0.5537 26.8704 14 8775 0.0372 0.0672 Print Done