Question

Over the past 10 years, a company has placed varying sums of money into a special capital accumulation fund. The company sells compost produced by garbage-to-compost plants in City A and City B. Figure shown is the cash flow diagram in $1000 units. Find the amount in the account now (after 10 years) at an interest rate of 12% per year, compounded semiannually. F = ? 5 0 1 2 3 6 8 9 10 Year $1000 $1500 $3000 Answer-..$Million Selected Answer: [None Given] Correct Answer: 11,634 Answer range+/- 50 (11584 11684) 7 LO 41

with solving please

Answer 1

amount in account will be

=1000*(1+(12%/2))^(10*2)+3000*(1+(12%/2))^(6*2)+1500*(1+(12%/2))^(4*2)

=11634

the above is answer..