1. Suppose that you have a savings plan covering the next ten years, according to which you put aside $600 today, $800 at the end of every year for the next five years, and $2000 at the end of each year for the remaining five years. As part of this plan, you expect to withdraw $300 at the end of every year for the first 3 years, and $350 at the end of every year thereafter till the 10thyear. In addition to this you are expected to withdraw an amount of $50 at the end of every 2 years till 15thyear.Assume interest to be 12%.
2. Draw your cash flow diagram.
3. Find the amount accumulated in the saving account at the end of 15th year.