ENGLISH VERSION:

Nora Lpez opens a savings account with a capital of $10,500.The bankwouldhave reported that the rates will be asfollows:

• TEM of 0.5% during the first 6months.
• TEA of 7% during thefollowing12 months.
• TET of 2% for the rest of theterm.

Calculate the balance of the account at the end of 3 years if it is also known that at the end of the first year made a second deposit of $ 5,000 and in month 18 withdrew $ 1,200 to attend an emergency presented.

Notes:

TEM = Monthly Effective Rate

TEA = ASD = Annual Effective Rate

TET = Quarterly Effective Rate

SPANISH VERSION:

Nora Lpez abre una cuenta de ahorros con un capital de $ 10,500. El banco le ha informado que las tasas sern como sigue:

• TEM de 0.5% durante los primeros 6 meses.
• TEA de 7% durante los 12 meses siguientes.
• TET de 2% para el resto del plazo.

Calcular el saldo de la cuenta al final de 3 aos si se sabe adems que al finalizar el primer ao hizo un segundo depsito de $ 5,000 y en el mes 18 retir $ 1,200 para atender una emergencia presentada.