You decided to open a deposit account at the bank and put $125 every 6 months for the next 3.5 years ( 7 deposits in total). The first deposit will be made today. The annual interest rate is 1.2% (so you need to adjust it for semi-annual deposits). How much money are you going to have on the account in 5 years? To get full credit: 1. . Draw the timeline, label your cash flows, show with arrows whether you're compounding or discounting 2. - Show the complete formula (not the calculator shortcuts) with all the necessary terms that you would use to solve the problem as if you didn't have a financial calculator on hand 3. Circle the final