An engineer deposited her annual bonus of $10,000 into an account that pays interest at 8% per year, compounded semiannually. She withdrew $1000 in months 2, 11, and 23. Now, she wants to know the...


An engineer deposited her annual bonus of $10,000

into an account that pays interest at 8% per year,

compounded semiannually. She withdrew $1000 in

months 2, 11, and 23. Now, she wants to know the

total value of the account at the end of 3 years. Solve

by assuming (a) no interperiod compounding

and (b) that interperiod compounding is provided



Jun 04, 2022
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