Question: can someone please answer this question on paper thanks On January 1, 2001, $10,000 was deposited into an account that earns 2.54% interest compounded monthly.

can someone please answer this question on paper thanks

On January 1, 2001, $10,000 was deposited into an account that earns 2.54% interest compounded monthly. On January 1, 2008, $2,000 was withdrawn from the account and the bank changed the interest rate to 2.11% compounded monthly. On January 1, 2012, $1,800 was deposited into the account and the interest rate was lowered to 1.75% compounded monthly. Do the following: I A. If no other deposits, withdrawals, or rate changes occur, how much money did the account have on January 1, 2018? Use appropriate formulas to help you solve this problem; Do NOT use the TVM Solver. Show all the steps needed to solve this problem. (10 points) B. Determine the total interest that was earned from January 1, 2001 to January 1, 2018? Use appropriate formula(s) to help you solve this problem; Do NOT use the TVM Solver. Show how you arrived at your answer. (5 points)

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