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problem 5 please . 4. You open a savings account on December 31 with $150 deposit (call this Time 0 ). The account pays interest
problem 5 please .
4. You open a savings account on December 31 with $150 deposit (call this Time 0 ). The account pays interest at the end of every month. Over the rest of the year, you make the following deposits: Draw the cash flow diagram. 5. Repeat the previous problem assuming interest is paid at the end of each QUARTER. (Remember, there are three months in a quarter, not four!) 4. You open a savings account on December 31 with $150 deposit (call this Time 0 ). The account pays interest at the end of every month. Over the rest of the year, you make the following deposits: Draw the cash flow diagram. 5. Repeat the previous problem assuming interest is paid at the end of each QUARTER. (Remember, there are three months in a quarter, not four!) Step by Step Solution
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