Tory invested $600 a year for three years, then $700 a year for an additional four years. In year 9, she withdrew $1,500. She withdrew the entire investment in year 11. Which statement correctly applies to the time line for this problem? Multiple choice question.

The withdrawal in year 11 is a negative cash flow.

The timeline has a total of nine time periods.

The cash flow in year 4 is a negative $600.

The cash flows for the first seven years are negative.