Q2: The following deposits and withdraws were made by Company A at the beginning of each year. The compound annual interest is 6%. Yr #1 Yr #2 Yr #3 $12,000 Deposit $10,000 $12,000 Withdraw $4,000 $3,500 Yr #4 Yr #5 $12.000 $10,000 $5,000 $2,000 Yr #6 Yr #7 Yr #8 Yr #9 $10,000 $12.000 $10,000 $10,000 $3.000 $5,000 Find, a) the total compound amount at the end of 3, 6, 9, and 10 years (1 b) Equal annual series that would be equivalent for the above table. ******** $5,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Q2: The following deposits and withdraws were made by Company A at the beginning of each year.
The compound annual interest is 6%.
Yr #1
Yr #2 Yr #3 Yr #4 Yr #5 Yr #6 Yr #7 Yr #8 Yr #9
Deposit $10,000 $12,000 $12,000 $12,000 $10,000 $10,000 $12.000 $10,000
Withdraw
$4,000
$3,500 $5,000 $2,000 $10,000 $3.000
$5,000
Find, a) the total compound amount at the end of 3, 6, 9, and 10 years (
b) Equal annual series that would be equivalent for the above table. (
$5,000
Transcribed Image Text:I need to solve the question in handwriting Q2: The following deposits and withdraws were made by Company A at the beginning of each year. The compound annual interest is 6%. Yr #1 Yr #2 Yr #3 Yr #4 Yr #5 Yr #6 Yr #7 Yr #8 Yr #9 Deposit $10,000 $12,000 $12,000 $12,000 $10,000 $10,000 $12.000 $10,000 Withdraw $4,000 $3,500 $5,000 $2,000 $10,000 $3.000 $5,000 Find, a) the total compound amount at the end of 3, 6, 9, and 10 years ( b) Equal annual series that would be equivalent for the above table. ( $5,000
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