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please show formula and all steps. You make three (3) end of the year deposits of a $1,000 into an account starting in years one
please show formula and all steps.
You make three (3) end of the year deposits of a $1,000 into an account starting in years one (1), three (3) and five (5). You also take out $1,500 at the end of year five (5). How much is in the account at the end of year five (5) if the account pays 6% compounded semi-annually? Along with your answer draw a Cash Flow Diagram for the problem. (Two answers) Step by Step Solution
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