A person deposits $5,500 in an account at the end of Year 1, and another $3,000 in the account at the end of Year 3. At the end of Year 6, they withdraw one-half of the account balance. Starting at the end of Year 7, they deposit $2,000 in the account each year for 4 years. The total balance is withdrawn at the end of Year 10.

a. Choose the correct cash flow diagram.

b. If the account earns interest at a rate of 5% per year, how much is withdrawn at the end of Year 6?

c. If the account continues to earn interest at a rate of 5% per year, how much is withdrawn at the end of Year 10?

each year for 4 years. The total balance is withdrawn at the end of Year 10. a. Choose the correct cash flow diagram. b. If the account earns interest at a rate of 5% per year, how much is withdrav c. If the account continues to earn interest at a rate of 5% per year, how much $5,500 $3,000 $2,000 7 9 10 1 + 2 + 3 + 4 + 5 + 6 + 0 1 2 3 4 5 6 7 8 9 10 $3,000 $2.000 $5,500 ach year for 4 years. The total balance is withdrawn at the end of Year 10 Choose the correct cash flow diagram. . If the account earns interest at a rate of 5% per year, how much is withd . If the account continues to earn interest at a rate of 5% per year, how mu 0 1 2 3 4 5 6 7 8 9 10 $3,000 $2,000 $5,500 OD $3,000 0 1 2 3 4 5 6 7 8 9 10 $2,000 $5,500