This is the diagram for number 3

2. Consider the cash flow series shown below. Find out the required equal annual deposits (end of year) in a bank to generate the cash flows from year 4 through year 7. Assume 10% interest per year. R1900 R1600 R1300 R1000 0 1 3 4 5 6 7 N V V V A? 3. Your friends are planning to finance their 5-year-old daughter's college education. They were able to establish a college fund that earns 8% compounded annually. What annual deposit must be made from the daughter's 5th birthday to her 16th birthday to meet the future college expenses shown in the following figure. Assume that today is her 5th birthday. AAAA R31000 R29000 R27000 R25000 10 11 12 13 15 16 17 18 19 20 21 1