CVE 4000-Summer 2019 Name Problem 7 (30 points): You opened a savings account that provides 15% interest rate. You plan make 3 withdraws according to the following schedule... Cash Flow Year 0 -P 1 0 2 +$2,000 3 +$3,000 4 +$2,000 What amount, P, you need to deposit in the account to support the 3 withdraws? Draw a cash flow diagram for this problem and then provide the solution. CVE 4000-Summer 2019 Name Problem 7 (30 points): You opened a savings account that provides 15% interest rate. You plan make 3 withdraws according to the following schedule... Cash Flow Year 0 -P 1 0 2 +$2,000 3 +$3,000 4 +$2,000 What amount, P, you need to deposit in the account to support the 3 withdraws? Draw a cash flow diagram for this problem and then provide the solution