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Question 7] A family deposits funds into an interest-bearing account for college expenses for the...

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Question 7] A family deposits funds into an interest-bearing account for college expenses for the children Amount Deposit or withdrawal Time $1,000/yr Deposi Deposit Withdrawal EOY 1 through 5 EOY 6 through 13 $1 500 EOY 10 through 13 $5,000/yr The interest rate earned by the account is: EOY 1 through 5 EOY 6 through 13 9% 1490 Find the balance in the account after the deposits and withdrawals shown in the table above. Tip: FTOTALFl Deposits) + F2 Deposits) + F3 (Withdrawal

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