An investment on January 1, 2010 generated monthly payments of $1,000 for the year. The investment earned 13.2% annual interest compounded quarterly. The original investment and total interest earned must be calculated using a cash flow diagram.
Operations Management - Book1.p - Dr. Abdulfatah A. Salem
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