Find balance of account just after last withdrawal

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Reference no: EM13134974

A person opens a savings account with a deposit of $2000 on February 1,1993, and makes monthly deposits of $200 for 5 years, starting March 1,1993. Starting March 1,1998,she makes monthly withdrawals of $400 for 3 years. Find the balance of her account just after the last withdrawal (on february 1,2001)if the monthly interest rate is 6%.

Beggining June 30,1992,and every 3 months until December 31, 1996, a person deposits $300 into a savings account.Starting September 30,1997, he makes quarterly withdrawals of $500. what is the balance in his account after the withdrawal of June 30 ,1999, if the interest rate is 9% until March 31, 1995 and 6% quarterly afterwards?

Reference no: EM13134974

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