Answered: 2. If we deposit $12000 at the end of…

2. If we deposit $12000 at the end of year 0 into the bank with the annual interest rate of 6%. How much money will we have at the end of year 2? Draw the cash flow diagram.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

2. If we deposit $12000 at the end of year 0 into the bank with
the annual interest rate of 6%. How much money will we
have at the end of year 2? Draw the cash flow diagram.

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