Solved: An engineer deposited her annual bonus of
Chapter 4, Problem 4.66(choose chapter or problem)
An engineer deposited her annual bonus of $10,000into an account that pays interest at 8% per year,compounded semiannually. She withdrew $1000 inmonths 2, 11, and 23. Now, she wants to know thetotal value of the account at the end of 3 years. Solveby assuming (a) no interperiod compoundingand (b) that interperiod compounding is provided.
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