How much will be in the account after two years

Reference no: EM132032317

Question: A person deposits $300 per month into a savings account for 2 years. If $80 is withdrawn in months 5, 7 and 8 (in addition to the deposits), construct the cash flow diagram to determine how much will be in the account after 2 years at i = 8% per year, compounded quarterly. Assume there is no inter-period interest.

Reference no: EM132032317

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