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.
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.
Chapter1: Making Economics Decisions
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![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.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F98de2285-7930-40fa-8700-440b6b20c183%2Fdc7b36ac-7b61-4f99-8d78-e0097bb758d0%2Fu7io15l_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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