Qize1 chapter4
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This document appears to be a quiz question from an Engineering Economy course at Jordan University of Science and Technology. The question asks the student to draw the cash flow diagram for a scenario where 12 equal annual deposits of $1,200 are made into a bank account paying 10% interest per year, with the first deposit made one year from today, and asks how much money can be withdrawn after the 12th deposit.
Qize1 chapter4
- 1. Jordan University of Science and Technology Faculty of Engineering Industrial Engineering Department IE 341: Engineering Economy Quiz 1 Eng. Maysaa Faroon #First Semester 2011/2012 Name: ST Draw the cash flow diagram for the following statement: Suppose you make 12 equal annual deposits of $1,200 each into a bank account paying 10% interest per year. The first deposit will be made one year from today. How much money can be withdrawn from this bank account immediately after the 12th deposit?