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help please and use future worth way estion 1: [Points 20] An engineer deposited her annual bonus of $10.000 into an account that pays interest
help please and use future worth way
estion 1: [Points 20] An engineer deposited her annual bonus of $10.000 into an account that pays interest at 8% per year, compounded semiannually. If she withdrew $1000 in months 2, 11, and 23. (See the table below) and made deposits of $500 in months 5 through 8 and another single deposit of $600 in month 20, what was the total value of the account at the end of 2 years? Assume no interperiod compounding. You must draw the cash flow diagram. End of Month Amount of Deposit, S/ Month 10.000 Amount of Withdrawal, S/Month 0 1,000 500 5-8 11 20 1,000 600 23 1,000 500 99 5 6 7 8 1000 1000 E = 10000 ( lp ,4% 6 ) - 1000 (Flp, 4015) - 1000 (Elp- - 1000 (+/6,40%, 2) IF 9, 127Step by Step Solution
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