Homework Answers
Final value at the end = sum of final value of all deposits - sum of final value of all withdrawal
FV is calculated using formula
FV = PV*(1+r)
So, final balance in account here is 5300*1.1^3 -1100*1.1^2 - 1100*1.1 - 1100 = $3413.3
So option B is correct
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