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In 2013, you have deposited a lump sum amount of PHP 5,000 when you open your...

In 2013, you have deposited a lump sum amount of PHP 5,000 when you open your first bank account. Each year thereafter, you have deposited PHP 8,000 until 2019. In addition to that, you withdraw money and pay an existing debt of PHP 500 in 2014 and PHP 4,000 during 2017 and 2019. Draw the cash flow diagram in the perspective of the bank.

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Answer #1

Deposits will be positive (upward arrow) and withdrawal will be negative (down ward arrow) from perspective of the bank.

Cash Flow table

Year Annual deposit Annual withdrawal
2013 5,000.00 0
2014 8,000.00 -500.00
2015 8,000.00
2016 8,000.00
2017 8,000.00 -4,000.00
2018 8,000.00
2019 8,000.00 -4,000.00

CFD

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