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George has $1800 in his bank account today. He plans to deposit $1000 in 11 months. He also plans to withdraw $1100 in 17 months.
George has $1800 in his bank account today. He plans to deposit $1000 in 11 months. He also plans to withdraw $1100 in 17 months. He earns interest at 6% p.a. compounded monthly. Which of the following can be used to find the balance (X) of his bank account in 2 years? (There may be more than one correct answer. You will lose marks by choosing a wrong answer. The minimum mark for the question is zero.) Select one or more: 11 17 0.06 a. X = 1800 + 1000 *(1+ 12 - 1100 * 0.06 1+- 12 (1 *(1+ 24 0.06 13 0.06 7 0.06 b. 1800 * 1+ + 1000 *(1 + = 1100 * 1+ +X 12 12 12 c. None of the options can be used to find the remaining balance. d. 0.06 -11 -17 -24 0.06 0.06 1800 + 1000 *(1 + = 1100 * 1+ + X(1 + 12 12 12 e. X = 1800 * (1 + 0.06 )24 + 1000 * (1 + 0.06 )13 1100 * (1 + 0.06)? f. 24*12 0.06 13*12 7*12 0.06 0.06 1800 *(1 + + 1000 *(1 + = 1100 *(1 + +X 12 12 12 *(1+0,05) (1 0:00) . (1+
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