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A Project Manager for a construction company deposited $125,000 every 3 months into an investment fund for two years. In addition to these quarterly deposits,
A Project Manager for a construction company deposited $125,000 every 3 months into an investment fund for two years. In addition to these quarterly deposits, she withdrew $40,000 on three occasions in Months 8, 10, and 18. How much does the Project Manager expect from the fund after the two-year period if she was quoted an interest rate of 10% per year compounded semi-annually. Assume that no inter-period interest is charged.
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