Question

A person deposits into an investment account $5000 today, $2500 two years from now, and $8000...

A person deposits into an investment account $5000 today, $2500 two years from now, and $8000 four years from now. (a) Construct a cash flow diagram of this scenario. (b) At an effective interest rate of 5.5% per year, how much will be in the investment account 10 years from now?

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