Calculate the balance bu of a finite time series

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Given the following time series of payments:

Year: 1989 1990 1991 1992 1993 1994 1995 1996

Payment: -1250 -2180 +1764 +3630 -885 -2100 +4325 -1190

Neglecting inflation, find the balance of this time series at 1981, 1993 and 1999 if the quarterly discrete interest rate is ig=0.06. Also develop a flow chart for a subroutine calculating the balance Bu of a finite time series Vk, k = 0, 1, ..., for a given updating time u and discrete interest rate i, related to the assumed discrete time period.

Reference no: EM13236576

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