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Assume you invest money by making three equal deposits of SR 8,000 over three years (starting...

Assume you invest money by making three equal deposits of SR 8,000 over three years (starting at the end of year 1, i.e. at n=1) to a saving account . Furthermore, assume you make withdrawals from the saving account of SR 2500 at n=1, SR 3000 at n=2 and SR 3500 at n=3. What will be the net balance of the saving account at the end of year 4 if your annual earing interest rate is 14% (chose the closest answer)?

a) SR 16938

b) SR 18320

c) SR 17620

d) SR 19039

e) SR 19776
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