Determine how much will be in the account

Reference no: EM132201025

Question: A person deposits $100 per month into a savings account for 2 years. If $75 is withdrawn in months 5, 7 and 8 (in addition to the deposits), construct the cash flow diagram to determine how much will be in the account after 2 years at L-6% per year, compounded quarterly. Assume there is no interperiod interest. The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132201025

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