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A certain amount was invested on Jan 1, 2010 such that it generated a periodic payment of
$1,000 at the beginning of each month of the calendar year 2010. The interest rate on the
investment was 13.2% annual interest compounded quarterly. Calculate the original investment
and the interest earned. Kindly show the Cash Flow Diagram as well. Thanks

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A certain amount was invested on Jan 1- 2010 such that it generated a.docx

  • 1. A certain amount was invested on Jan 1, 2010 such that it generated a periodic payment of $1,000 at the beginning of each month of the calendar year 2010. The interest rate on the investment was 13.2% annual interest compounded quarterly. Calculate the original investment and the interest earned. Kindly show the Cash Flow Diagram as well. Thanks