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-Draw the cash flow diagram -Show the procedure for finding the solution step by step. please and thank you. 5.- A student has $30,000 in
-Draw the cash flow diagram -Show the procedure for finding the solution step by step. please and thank you.
5.- A student has $30,000 in her savings account now. In the next 3 years she plans to deposit $10,000 at the end of each year (the first time in 1 year from now). She receives the 1 year interest rate at the end of each year. She will put her money in for three years. From the current spot rates, she can derive the future interest rates. These will be: - 7% for the 1st year - 9% for the 2nd year - 8% for the 3rd year How much will she have after 3 yearsStep by Step Solution
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